The power of research in finance to enhance sustainability – Applied to practice

Abstract

Many people think of research in the hospitality industry as being difficult to relate to practice. This paper shows not only how theory can be applied to practice, but also how practice is related to theory with regard to concepts such as game theory. During my employment in Munich in the Hilton Hotels Finance Department I was able to experience the aforementioned, which resulted not only in paper savings for the benefit of the environment, but also triggered a paradigm shift among employees.

Keywords: financial savings, game theory, Nash equilibrium, paper savings, pink elephant, reward system