Harvard Business Review

MARCH 13, 2012

And North Dakota's economy is thriving: it has one of the lowest unemployment figures in the nation; and the real estate prices have been going up since the 2008 financial crisis. Is it possible that local funding could help bolster tourism in Florida, biotechnology in California, publishing in New York, and agriculture in Iowa?

Biotechnology 10

Biotechnology Real Estate Tourism Banking 10

Harvard Business Review

SEPTEMBER 1, 2015

Outside Greece, especially in the other countries that constitute the euro zone, no one seems to appreciate the extent of the economic crisis. The debt crisis has led to a recession, with output having contracted by more than a quarter since the crisis began in 2009. However, tourism and exports will get a boost.

Restructuring 8

Restructuring Banking Supply Chain Tourism 8

Harvard Business Review

JULY 27, 2015

For a country that isn’t export-oriented, and whose major industry, tourism, relies on stability, having its own currency is not much of a solution to economic woes. Yet if we want to understand and fix the Greek crisis, we must look at its structural causes, not just its symptoms. Business as usual?

Banking 8

Banking Crisis Tourism Policies 8

Harvard Business Review

JULY 27, 2011

No sooner had Beijing's flame died than the global financial crisis took British debt levels above 60% of GDP, excluding public intervention in failing banks. Lord Sebastian Coe, chair of the London 2012 Olympic Games, summed up this attitude, saying, "In every time of adversity lies opportunity.never let a good crisis go to waste."

Supply Chain 11

Supply Chain Tourism Banking Budgeting 11

Harvard Business Review

JUNE 9, 2014

It can improve its competitiveness by reducing costs in its traditional sectors, such as tourism, agriculture, and trade. In that sense, the Greek innovation task is just one version of the country’s biggest challenge: using this profound crisis to reinvent itself and to cast the unproductive practices of the past overboard.

Planning 9

Planning GDP Tourism Innovation 9

Harvard Business Review

FEBRUARY 17, 2016

Thanks to Airbnb, more people will travel, bringing more tourism dollars to more people in the countries they travel to, creating more profits and distributing them more fairly. In its latest report , Harvard’s Joint Center for Housing Studies points to an “affordability crisis” in the U.S. housing sector.

Cost 8

Cost Globalization Innovation Banking 8

Harvard Business Review

NOVEMBER 7, 2011

Europe's crisis management hasn't looked much better. The devalued drachma might help somewhat by making exported goods and services cheaper, but this may take some time to filter through as Greece's biggest industries are tourism and shipping (15% and 5% of GDP, respectively), which are themselves quite cyclical.

Tourism 9

Tourism GDP Short-term Crisis Management 9

Harvard Business Review

MAY 16, 2016

This has led to a deep political crisis and the country was at the brink of a civil war. Because of this, tourism, one of the country’s biggest income generators, has plummeted, leaving it in an economically weakened state. And so the turbulence continues.

Politics 11

Politics Chief Information Officer Tourism Environment 11

Harvard Business Review

AUGUST 17, 2015

There was a spike in the 2000s when Venezuela began to provide petroleum at deeply discounted market prices, and that peaked just before the 2008-09 financial crisis. It has tourism—beach and sun and one of the communist world’s last Jurassic political systems—but the real asset is the brains of its people.

Biotechnology 8

Biotechnology Tourism Human Capital Pharmaceuticals 8

Harvard Business Review

JULY 8, 2016

A deep economic crisis like those seen in Greece and Spain has not happened. Terrorism impacts tourism, but not for as long as you might think. It generally takes a country about 13 months to recover fully from a terrorist attack, according to the World Travel and Tourism Council. Political momentum is pro-business.

Tourism 10

Tourism Politics Uncertainty Price 10

Harvard Business Review

MAY 30, 2012

We live in a crisis-prone age. In the past 44 months, we've endured the dips and gyrations of an international financial crisis, the worst economic slowdown since the 1930s, a wave of turmoil across North Africa and the Middle East, and Europe's worst crisis of confidence since the Second World War.

Tourism 15

Tourism Crisis Globalization Politics 15

Harvard Business Review

JUNE 12, 2017

Record flooding in Thailand in 2011 severely impacted air travel, tourism, and one of the major regional airports in Asia. Air quality and smog red alerts and the complete bans on vehicle traffic in major cities around the world highlight how traditional commerce and supply chains can and do grind to a halt because of climate risks.

Cost 8

Cost Tourism Supply Chain Attrition 8