Local Development Approaches and the ILDI Mechanism
International Conference on Business & Economics of the Hellenic Open University (ICBE - HOU). Athens: Hellenic Open University, 26-27 June 2020
12 Pages Posted: 20 Jul 2020
Date Written: June 27, 2020
It seems that the past paradigm of regional analysis gives its place progressively to the approach of the dynamics of local development since the evolving localities constitute the development motor behind innovation and the overall national competitiveness. This study aims to analyze recent theoretical perspectives of clusters and business ecosystems and their relation to policies promoting local entrepreneurship and innovation. The “Local Development and Innovation Institutes” are a business ecosystem policy that aims to enhance the “Stra.Tech.Man physiology” and, thus, the potential of innovation for the entire socio-economic system. The Stra.Tech.Man approach suggests that every socio-economic organization articulates its competitive survival by the way it manages to synthesize the inner spheres of strategy, technology, and management.
Keywords: Local Development, Clusters, Business Ecosystems, Local Development and Innovation Institutes, Stra.Tech.Man Physiology
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