The Influence of Foreign Direct Investment on Managerial Efficiency: The Case of Kleemann Hellas

Management of Innovative Business and Education Systems Transactions: International Journal, 12(1), 13-28 (2018)

16 Pages Posted: 13 May 2019

See all articles by Thomai Charalampidou

Thomai Charalampidou

Hellenic Open University - School of Social Sciences

Anastasios Magoutas

Hellenic Open University

Panos Chountalas

University of Piraeus; Hellenic Open University

Date Written: 2018

Abstract

Economic crisis lead Greek companies to struggle to survive under uncertain economic circumstances and either slow down their operations or undertake Foreign Direct Investment (FDI) to gain competitive advantage and compete in the global market. However, in order to promote FDI, companies should adjust their strategic management process and invest in management practices that will accommodate their internationalization efforts. Using a case study approach, we examine the internationalization process of a Greek manufacturing company (i.e. Kleemann Hellas S.A). In this respect, a thorough analysis is made on the strategic management process the company applies and also the Human Resource Management (HRM) practices and innovative procedures it implements in order to support FDI endeavours and enhance managerial efficiency. The study showed that through FDI, the company can gain competitive advantage, improve its profitability and achieve managerial efficiency while adjusting HRM practices and innovation to be aligned with the strategic goals.

Keywords: Foreign Direct Investment (FDI), Internationalization, Managerial Efficiency, Strategic Management Process, Human Resources Management (HRM), Innovation

Suggested Citation

Charalampidou, Thomai and Magoutas, Anastasios and Chountalas, Panos, The Influence of Foreign Direct Investment on Managerial Efficiency: The Case of Kleemann Hellas (2018). Management of Innovative Business and Education Systems Transactions: International Journal, 12(1), 13-28 (2018). Available at SSRN: https://ssrn.com/abstract=3380759

Thomai Charalampidou

Hellenic Open University - School of Social Sciences ( email )

Aristotelous 18
Patra, 26334
Greece

Anastasios Magoutas

Hellenic Open University ( email )

Parodos Aristotelous 18
Patra, 26335
Greece

Panos Chountalas (Contact Author)

University of Piraeus ( email )

Piraeus
Greece

Hellenic Open University ( email )

Parodos Aristotelous 18
Patra, 26335
Greece

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