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Navigating the New Globalization Crisis Through Innovation and Change Management: An Examination of the Stra.Tech.Man–R.A.S.I. Framework

Author

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  • Vlados, Charis

    (Democritus University of Thrace, Department of Economics)

  • Chatzinikolaou, Dimos

    (Democritus University of Thrace, Department of Economics)

Abstract

This chapter presents the STRA.TECH.MAN–R.A.S.I. framework in response to various global crises currently unfolding, including COVID-19, climate change, and the Russo-Ukrainian war. By combining the dimensions of Strategy, Technology, and Management (STRA.TECH.MAN) with those of Resilience, Adaptability, Sustainability, and Inclusiveness (R.A.S.I.), this approach addresses immediate priorities in today’s turbulent world. The framework offers an integrative theoretical model to guide businesses through innovation and change management in the face of significant global transformations. We argue that our proposed scorecard, accessible and applicable to organizations of varied scales and nature, paves the way for effective crisis management under the prevailing global crisis conditions. Conceptual in nature, this theoretical proposal underscores potential avenues for future research.

Suggested Citation

  • Vlados, Charis & Chatzinikolaou, Dimos, 2024. "Navigating the New Globalization Crisis Through Innovation and Change Management: An Examination of the Stra.Tech.Man–R.A.S.I. Framework," DUTH Research Papers in Economics 8-2024, Democritus University of Thrace, Department of Economics.
    • Handle: RePEc:ris:duthrp:2024_008
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    Keywords

    Stra.Tech.Man approach; new globalization; organizational strategy; crisis; innovation;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

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