Abstract
This chapter investigates the physiological transformation of small firms in a less developed regional business ecosystem facing multiple development problems, barriers, and inadequacies. We present four field surveys we recently conducted in the peripheral Greek region of Eastern Macedonia–Thrace, on a sample of 230 small entrepreneurs, exploring their perception of the following conceptual triangles: (a) Crisis–Innovation–Change Management, (b) Strategy–Technology–Management, and (c) Human Resource Management–Education and Training–Innovation. We conclude that the sample firms exhibit symptoms of monad-centric business structuring and perceptual-functional weaknesses, which are due to their “traditional” physiology. These comparative weaknesses seem structurally and bi-directionally linked to the low competitiveness of this regional socioeconomic system.
Original language | English |
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Title of host publication | Business for Sustainability, Volume I |
Publisher | Palgrave Macmillan |
Pages | 201-226 |
Publication status | Published - 5 Nov 2023 |
Keywords
- entrepreneurship
- less-developed regions
- evolutionary economics
- biological metaphors
- evolutionary view of the firm
- Stra.Tech.Man (Strategy–Technology–Management)
- evolutionary organisational physiology
- business monad-centredness
- business massiveness
- business flexibility
- Greek entrepreneurial ecosystem
- competitiveness
- Macro-meso-micro
- new globalisation
- RASI synthesis (Resilience-Adaptability-Sustainability-Inclusiveness)
- Crisis-Innovation-Change Management
- Human Resource Management (HRM)-Education and Training-Innovation
- services sector
- Region of Eastern Macedonia-Thrace (REMTh)
- thick description
- Greek crisis