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Evolutionary Economics and the Stra.Tech.Man Approach of the Firm into Globalization Dynamics

Author

Listed:
  • Dimos Chatzinikolaou*

    (Department of Economics, Democritus University of Thrace, Komotini, Greece)

  • Charis Vlados

    (Department of Economics, Democritus University of Thrace, Komotini, Greece)

Abstract

This article aims to examine whether the “Stra.Tech.Man†approach (Vlados, 2004), which explores the dialectical synthesis between strategy, technology, and management inside all socioeconomic organisms fulfills the requirements to be an analysis of evolutionary direction. It tries to answer this question, in particular, by examining the theoretical foundations of evolutionary economics and the subsequent evolutionary theorization of the firm that stems analytically from evolutionary economics. With this goal in mind, an overview of the relatively recent literature is attempted by presenting some of the significant contributions to evolutionary economics and the evolutionary theory of the firm. Next, it examines the specific way of building the Stra.Tech.Man approach on the production process of innovation and change management, by analyzing how this can lead to the structuration of an evolutionary direction of business planning for any socioeconomic organism.

Suggested Citation

  • Dimos Chatzinikolaou* & Charis Vlados, 2019. "Evolutionary Economics and the Stra.Tech.Man Approach of the Firm into Globalization Dynamics," Business, Management and Economics Research, Academic Research Publishing Group, vol. 5(10), pages 146-160, 10-2019.
    • Handle: RePEc:arp:bmerar:2019:p:146-160
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    Keywords

    Evolutionary economics; Evolutionary firm theory; Evolutionary approach; Stra.Tech.Man approach; Evolutionary business plan.;
    All these keywords.

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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