Institutional Modernization, Crisis and Change Management: Thoughts From and for the Greek Crisis

Abstract

This study has a purpose of highlighting how the current crisis and restructuring of globalization is linked to partial phenomena of institutional crisis and underdevelopment, by discussing the case of the Greek crisis. It suggests that the emergence and prevalence of institutional innovations is a prerequisite to overcoming the crisis and is linked to the establishment of new and more effective public change management mechanisms. In conclusion, the “Stra.Tech.Man” approach (synthesis of strategy-technology-management) to organizational dynamics can offer a repositioned change management policy.

Keywords: Global socioeconomic crisis; Institutional innovation; Change management, Greek crisis, Institutional development/underdevelopment, Stra.Tech.Man approach