Evolutionary Economics and the Stra.Tech.Man Approach of the Firm Into Globalization Dynamics

Business, Management and Economics Research, Vol. 5, No. 10, pp. 146-160, 2019

15 Pages Posted: 4 Dec 2019

See all articles by Dimos Chatzinikolaou

Dimos Chatzinikolaou

Democritus University of Thrace, Department of Economics

Charis Vlados

Democritus University of Thrace, Department of Economics

Date Written: October 1, 2019

Abstract

This article aims to examine whether the “Stra.Tech.Man” approach (Vlados, 2004), which explores the dialectical synthesis between strategy, technology, and management inside all socioeconomic organisms fulfills the requirements to be an analysis of evolutionary direction. It tries to answer this question, in particular, by examining the theoretical foundations of evolutionary economics and the subsequent evolutionary theorization of the firm that stems analytically from evolutionary economics. With this goal in mind, an overview of the relatively recent literature is attempted by presenting some of the significant contributions to evolutionary economics and the evolutionary theory of the firm. Next, it examines the specific way of building the Stra.Tech.Man approach on the production process of innovation and change management, by analyzing how this can lead to the structuration of an evolutionary direction of business planning for any socioeconomic organism.

Keywords: Evolutionary economics; Evolutionary firm theory; Evolutionary approach; Stra.Tech.Man approach; Evolutionary business plan

Suggested Citation

Chatzinikolaou, Dimos and Vlados, Charis, Evolutionary Economics and the Stra.Tech.Man Approach of the Firm Into Globalization Dynamics (October 1, 2019). Business, Management and Economics Research, Vol. 5, No. 10, pp. 146-160, 2019, Available at SSRN: https://ssrn.com/abstract=3489101

Dimos Chatzinikolaou (Contact Author)

Democritus University of Thrace, Department of Economics ( email )

Komotini
Greece

Charis Vlados

Democritus University of Thrace, Department of Economics ( email )

Komotini
Greece

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