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Crisis, institutional innovation and change management: Thoughts from the Greek case

Author

Listed:
  • Charis VLADOS

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

  • Dimos CHATZINIKOLAOU

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

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 (synthesisof 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

  • Charis VLADOS & Dimos CHATZINIKOLAOU, 2019. "Crisis, institutional innovation and change management: Thoughts from the Greek case," Journal of Economics and Political Economy, EconSciences Journals, vol. 6(1), pages 58-77, March.
    • Handle: RePEc:cvv:journ1:v:6:y:2019:i:1:p:58-77
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    References listed on IDEAS

    as
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    Keywords

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    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • 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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