Use of Matrix Methods of Analysis of Strategic Alternatives by Entities of the Hotel Business

Volodymyr Timar; Tetiana Grynko

doi:10.61030/IJPSC.25.v01a03

Use of Matrix Methods of Analysis of Strategic Alternatives by Entities of the Hotel Business

Article Title

Use of Matrix Methods of Analysis of Strategic Alternatives by Entities of the Hotel Business

Authors

Volodymyr Timar
Student, Oles Honchar Dnipro National University, Dnipro, Ukraine
Email: vovatimar@gmail.com

Tetyana Grynko
Supervisor – Doctor of Economic Science, Professor

Journal Details

Journal: International Journal of Psychology and Strategic Communication
ISSN (Online): 2941-5691
ISSN (Print): 2941-5705
DOI: https://doi.org/10.61030/IJPSC.25.v01a03

Abstract

The analysis of strategic alternatives is a crucial task in the strategic management of business entities. This study focuses on the application of matrix methods in the strategic analysis of hotel business entities in Ukraine. The research aims to systematize scientific and theoretical approaches to defining matrix methods for analyzing strategic alternatives applicable to hotel business management.

The study employs various general scientific methods, including systematic analysis, synthesis, and generalization, as well as the hypothetical method, deduction, abstraction, and formalization. The theoretical foundation comprises scientific publications on strategic analysis and matrix methods of analyzing strategic initiatives.

The article examines the essence, content, and features of using primary matrix methods for analyzing strategic alternatives, outlining their advantages and disadvantages. It identifies the potential application of individual matrix methods to achieve strategic analysis goals for hotel business entities. The study proposes viewing the hotel business as a set of separate strategic business units operating in distinct strategic management areas. It presents an author’s perspective on the sequence of managerial decision-making regarding the selection and application of matrix methods in strategic management, considering the analysis purpose, identified strategic management areas, strategic business units, and the existing information base.

Keywords

Analysis of strategic alternatives, matrix analysis methods, hotel business

How to Cite This Article

Timar, V., & Grynko, T. (2025). Use of Matrix Methods of Analysis of Strategic Alternatives by Entities of the Hotel Business. International Journal of Psychology and Strategic Communication, 1(3). https://doi.org/10.61030/IJPSC.25.v01a03

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https://ijpsc.org/journal/v01/03.pdf

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DOI: https://doi.org/10.61030/IJPSC.25.v01a03
Published: 2025
License: CC BY 4.0 (if applicable)

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doi: 10.61030/IJPSC.25.v01a03

Peer review: Blind Reviewed ArticleLicense: CC BY 4.0 (if applicable)Published: April 18, 2025Archive: IJPSC Volume 2, Issue 1

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Published: April 18, 2025
Archive: IJPSC Volume 2, Issue 1
Peer review: Blind Reviewed Article
License: CC BY 4.0 (if applicable)
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Journal / source: International Journal of Psychology and Strategic Communication
Publisher: Wittmann Foundation
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Publisher: Wittmann Foundation
Institutional name: Stiftung Anneliese und Prof. Dr. Dr. h.c. mult. Waldemar Wittmann
Purpose: Promotion of science, research and education
Locations: Frankfurt am Main · Königstein im Taunus · Burbach (Siegerl.)
Website: https://www.wittmannfoundation.org
Contact: info@wittmannfoundation.org

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Journal: International Journal of Psychology and Strategic Communication
ISSN online: 2941-5691
ISSN print: 2941-5705
DOI prefix: 10.61030
Publishing model: Open Access
Issue status: Rolling Release
Issue URL: https://ijpsc.org/current-issue/

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Published: April 18, 2025
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Cite this article

10.61030/IJPSC.25.v01a03

Volodymyr Timar, Student, Oles Honchar Dnipro National University, Dnipro, Ukraine, Email: vovatimar@gmail.com, Tetyana Grynko, & Supervisor – Doctor of Economic Science, Professor (2025). Use of Matrix Methods of Analysis of Strategic Alternatives by Entities of the Hotel Business. International Journal of Psychology and Strategic Communication. https://doi.org/10.61030/IJPSC.25.v01a03

@article{VolodymyrTimar2025IJPSC25v01a03,
  title = {Use of Matrix Methods of Analysis of Strategic Alternatives by Entities of the Hotel Business},
  author = {Volodymyr Timar and Student, Oles Honchar Dnipro National University, Dnipro, Ukraine and Email: vovatimar@gmail.com and Tetyana Grynko and Supervisor – Doctor of Economic Science, Professor},
  journal = {International Journal of Psychology and Strategic Communication},
  year = {2025},
  doi = {10.61030/IJPSC.25.v01a03},
  url = {https://doi.org/10.61030/IJPSC.25.v01a03},
  issn = {2941-5691}
}

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AU  - Volodymyr Timar
AU  - Student, Oles Honchar Dnipro National University, Dnipro, Ukraine
AU  - Email: vovatimar@gmail.com
AU  - Tetyana Grynko
AU  - Supervisor – Doctor of Economic Science, Professor
TI  - Use of Matrix Methods of Analysis of Strategic Alternatives by Entities of the Hotel Business
JO  - International Journal of Psychology and Strategic Communication
PY  - 2025
SN  - 2941-5691
DO  - 10.61030/IJPSC.25.v01a03
UR  - https://doi.org/10.61030/IJPSC.25.v01a03
ER  -

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