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Greek Firms and EMU:: Contrasting SMEs and Large-Sized Enterprises

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  • Spanos, Yiannis
  • Prastacos, Gregory
  • Papadakis, Vassilis

Abstract

The primary aim of this study is to contrast and identify differences in the ways by which SMEs and large firms have attempted to change their management practices in order to cope with the formidable challenges associated with competing in the EMU. Using survey data collected from leading Greek firms shortly before Greece's recent accession to the EMU, the study is an attempt to begin empirical work in this area by focusing on changes in competitive strategy, structure and management processes. The results indicate that both SMEs and large firms have initiated changes in all three dimensions. It seems, however, that the degree and direction of these responses depends on size; SMEs appear less able and/or less willing to implement change, perhaps because of size-related disadvantages.

Suggested Citation

  • Spanos, Yiannis & Prastacos, Gregory & Papadakis, Vassilis, 2001. "Greek Firms and EMU:: Contrasting SMEs and Large-Sized Enterprises," European Management Journal, Elsevier, vol. 19(6), pages 638-648, December.
    • Handle: RePEc:eee:eurman:v:19:y:2001:i:6:p:638-648
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    Cited by:

    1. Avlonitis, George J. & Salavou, Helen E., 2007. "Entrepreneurial orientation of SMEs, product innovativeness, and performance," Journal of Business Research, Elsevier, vol. 60(5), pages 566-575, May.
    2. Spanos, Yiannis E. & Voudouris, Irini, 2009. "Antecedents and trajectories of AMT adoption: The case of Greek manufacturing SMEs," Research Policy, Elsevier, vol. 38(1), pages 144-155, February.
    3. Karl-Heinz Leitner & Stefan Güldenberg, 2010. "Generic strategies and firm performance in SMEs: a longitudinal study of Austrian SMEs," Small Business Economics, Springer, vol. 35(2), pages 169-189, September.
    4. Simona Gentile-Lüdecke & Rui Torres de Oliveira & Justin Paul, 2020. "Does organizational structure facilitate inbound and outbound open innovation in SMEs?," Small Business Economics, Springer, vol. 55(4), pages 1091-1112, December.

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