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Crisis, Institutional Innovation and Change Management: Thoughts from the Greek Case

Author

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  • Vlados, Charis

    (Democritus University of Thrace, Department of Economics)

  • Chatzinikolaou, Dimos

    (Democritus University of Thrace, Department of Economics)

Abstract

This article explores how the current global crisis and restructuring of global capitalism is related to innovation, in broad terms, and change management. The aim is to understand this relation by first presenting a synopsis of the approaches to the crisis of the Greek socioeconomic system, second focusing on the concept of innovation in institutional terms, and third examining the change management mechanisms that seem useful for the articulation of public economic policy in Stra.Tech.Man terms (synthesis of Strategy-Technology-Management). We suggest that to overcome actual structural crises - such as the Greek socioeconomic crisis - the implementation and valorization of well balanced and effectively implemented sets of institutional innovations is crucial, provided that integrated public policy change management mechanisms are in place.

Suggested Citation

  • Vlados, Charis & Chatzinikolaou, Dimos, 2019. "Crisis, Institutional Innovation and Change Management: Thoughts from the Greek Case," DUTH Research Papers in Economics 9-2019, Democritus University of Thrace, Department of Economics.
    • Handle: RePEc:ris:duthrp:2019_009
    Note: Journal of Economics and Political Economy, Vol. 6, No. 1, 58-77, 2019
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    Cited by:

    1. Charis Vlados, 2020. "The Dynamics of the Current Global Restructuring and Contemporary Framework of the US–China Trade War," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 12(1), pages 4-23, January.
    2. Stefan Mann, 2021. "Synthesizing Knowledge about Structural Change in Agriculture: The Integration of Disciplines and Aggregation Levels," Agriculture, MDPI, vol. 11(7), pages 1-14, June.

    More about this item

    Keywords

    Globalization restructuring; Greek crisis; Structural socioeconomic crisis; Institutional innovation; Public policy reform; Change management; Stra.Tech.Man analysis;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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