Title: Strategic decision making using multicriteria analysis: new service development in Greek hotels
Authors: Fotis Kitsios; Evangelos Grigoroudis; Konstantinos Giannikopoulos; Michael Doumpos; Constantin Zopounidis
Addresses: Department of Applied Informatics, School of Informatics Sciences, University of Macedonia, P.O. Box 1591, GR54006 Thesaloniki, Greece ' School of Production Engineering and Management, Technical University of Crete, University Campus, Kounoupidiana, GR73100 Chania, Greece ' OTE S.A, AgiouPavlou 3, P.O. Box 65403, Kavala, Greece ' School of Production Engineering and Management, Technical University of Crete, University Campus, Kounoupidiana, GR73100 Chania, Greece ' School of Production Engineering and Management, Technical University of Crete, University Campus, Kounoupidiana, GR73100 Chania, Greece
Abstract: The main purpose of the study is to highlight the new service development as a key determinant of diversification strategy in the hospitality industry. Successful new services strengthen the hotels' innovation orientation, constitute the basis for the future competitiveness, growth and survival, while they also aspire to be the drivers to countering the economic crisis, giving to all studies related to hotel service development an increased importance. In difference to other similar studies, the identification of critical success factors in this study was attempted with the use of multicriteria methodologies. Data was collected using in depth structured and questionnaire-based interviews with hotel managers in a representative sample of hotels in Easter Macedonia. Finally, the paper aims to justify the validity of the adopted model as a general approach that predicts the success of a new hospitality service based on a set of critical factors.
Keywords: new service development; NSD; service innovation; Greece; hospitality industry; hotel services; multicriteria decision analysis; MCDA; critical success factors; CSFs; strategic decision making; diversification strategy; hotels.
International Journal of Data Analysis Techniques and Strategies, 2015 Vol.7 No.2, pp.187 - 202
Received: 08 May 2021
Accepted: 12 May 2021
Published online: 10 Apr 2015 *