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Entrepreneurship and crisis in Greece from a neo-Schumpeterian perspective: A suggestion to stimulate the development process at the local level

Author

Listed:
  • Vlados, Charis

    (Democritus University of Thrace, Department of Economics)

  • Koronis, Epaminondas

    (University of Westminster, London, UK)

  • Chatzinikolaou, Dimos

    (Democritus University of Thrace, Department of Economics)

Abstract

In economies where most firms are family-owned, there is a risk of poor management and problematic strategic and technological comprehension. Multiple cases prove the existence of a series of socio-economic pathologies in such firms that undermine an economy’s ability to overcome economic crises through innovative and entrepreneurial thinking and adaptability. The paper aims to present the relationship between entrepreneurship and “development and crisis” from the perspective of Greece’s current socio-economic crisis. It first analyzes the neo-Schumpeterian entrepreneurship theory and the structures that allow innovative and competitive models to appear and then links this context with Greece’s case. The “Stra.Tech.Man” theoretical framework of physiological types of entrepreneurship is suggested as the analytical base for elaborating a local development policy instrument for economies where such less competitive businesses prevail.

Suggested Citation

  • Vlados, Charis & Koronis, Epaminondas & Chatzinikolaou, Dimos, 2021. "Entrepreneurship and crisis in Greece from a neo-Schumpeterian perspective: A suggestion to stimulate the development process at the local level," DUTH Research Papers in Economics 1-2021, Democritus University of Thrace, Department of Economics.
    • Handle: RePEc:ris:duthrp:2021_001
    Note: Research in World Economy. Vol. 12, No. 2, pp. 1-16.
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    Cited by:

    1. Dimos Chatzinikolaou & Charis Michael Vlados, 2024. "International Political Economy, Business Ecosystems, Entrepreneurship, and Sustainability: A Synthesis on the Case of the Energy Sector," Sustainability, MDPI, vol. 16(22), pages 1-24, November.
    2. DODERO ORTIZ DE ZEVALLOS Gino Felix & CLEMENTE-ALMENDROS José Antonio & BAHAMONDES ROSADO María Emilia, 2023. "The Covid-19 Crisis And The Financial Impact On Family Firms," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 18(2), pages 86-108, August.

    More about this item

    Keywords

    entrepreneurship; socio-economic crisis; Greek crisis; neo-Schumpeterian perspective; Stra.Tech.Man physiology; entrepreneurship types; less competitive firms; local development;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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