Entrepreneurship and Crisis in Greece from a Neo-Schumpeterian Perspective: A Suggestion to Stimulate the Development Process at the Local Level
Research in World Economy. Vol. 12, No. 2, pp. 1-16, 2021
16 Pages Posted: 9 Mar 2021
Date Written: January 11, 2021
In economies where most firms are family-owned, there is a risk of poor management and problematic strategic and technological comprehension. Multiple cases prove the existence of a series of socio-economic pathologies in such firms that undermine an economy’s ability to overcome economic crises through innovative and entrepreneurial thinking and adaptability. The paper aims to present the relationship between entrepreneurship and “development and crisis” from the perspective of Greece’s current socio-economic crisis. It first analyzes the neo-Schumpeterian entrepreneurship theory and the structures that allow innovative and competitive models to appear and then links this context with Greece’s case. The “Stra.Tech.Man” theoretical framework of physiological types of entrepreneurship is suggested as the analytical base for elaborating a local development policy instrument for economies where such less competitive businesses prevail.
Keywords: entrepreneurship, socio-economic crisis, Greek crisis, neo-Schumpeterian perspective, Stra.Tech.Man physiology, entrepreneurship types, less competitive firms, local development
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