Entrepreneurship and crisis mutation in Greece: A neo-Schumpeterian approach

Dimos Chatzinikolaou, Charis Vlados

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review


This article attempts an analysis of entrepreneurship by taking into account the socio-economic development/crisis dipole under the prism of the experience of the Greek crisis. After presenting a neo-Schumpeterian and evolutionary perception of development, it discusses the present crisis of entrepreneurship in Greece. Based on the “Stra.Tech.Man approach” (strategy-technology-management synthesis) it distinguishes the central “physiological” types of the firms operating in Greece. After identifying the “monad-centered” type as the “dominant” and idiosyncratic type of entrepreneurship in Greece, it discusses the implications. This type of firm bases its strategy on a peculiar “business instinct,” uses technological options in a sporadically way, and implements managerial decisions based solely on its practical experience. This discussion also lays the ground for possible policy implications. The “Institutes of Local Development and Innovation” are a policy proposal aiming at boosting the physiological mutation of the locally active firms and enhancing the innovative local entrepreneurial potential in Greece.
Original languageEnglish
Title of host publicationInternational Conference on Business & Economics of the Hellenic Open University (ICBE - HOU)
Publication statusPublished - 2020
EventInternational Conference on Business & Economics of the Hellenic Open University - Hellenic Open University, Athens, Greece
Duration: 26 Jun 202027 Jun 2020


ConferenceInternational Conference on Business & Economics of the Hellenic Open University
Internet address


  • Entrepreneurship and innovation
  • Development-crisis dipole
  • Greek socio-economic crisis
  • Firm physiology
  • Stra.Tech.Man approach
  • Institutes of Local Development and Innovation


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