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The dualism of greek firms and management: Present state and future implications


  • Makridakis, Spyros
  • Caloghirou, Yannis
  • Papagiannakis, Lefteris
  • Trivellas, Panagiotis


In this article, the authors begin by examining the current position of the Greek economy, its business environment and firms, noting a duality of extremes between family-owned firms and the subsidiaries of multinationals. They then report the results of a large survey of Greek executive officers seeking their views on the current and future state of Greek management. Comparisons are made with characteristics of CEOs in advanced economies. Finally, they discuss the future of Greek firms in the 21st century and propose strategic alternatives such as niche marketing, strategic alliances and abandoning products to move into services. They make a special plea for greater research into the management of business firms in advancing countries like Greece, as well as for more tailor-made management education.

Suggested Citation

  • Makridakis, Spyros & Caloghirou, Yannis & Papagiannakis, Lefteris & Trivellas, Panagiotis, 1997. "The dualism of greek firms and management: Present state and future implications," European Management Journal, Elsevier, vol. 15(4), pages 381-402, August.
  • Handle: RePEc:eee:eurman:v:15:y:1997:i:4:p:381-402

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    Cited by:

    1. Avlonitis, George J. & Salavou, Helen E., 2007. "Entrepreneurial orientation of SMEs, product innovativeness, and performance," Journal of Business Research, Elsevier, vol. 60(5), pages 566-575, May.
    2. Dimitratos, Pavlos & Petrou, Andreas & Plakoyiannaki, Emmanuella & Johnson, Jeffrey E., 2011. "Strategic decision-making processes in internationalization: Does national culture of the focal firm matter?," Journal of World Business, Elsevier, vol. 46(2), pages 194-204, April.
    3. George Iatridis & Panayotis Alexakis, 2012. "Evidence of voluntary accounting disclosures in the Athens Stock Market," Review of Accounting and Finance, Emerald Group Publishing, vol. 11(1), pages 73-92, February.
    4. Stergiou, Konstantinos & Ashraf, Junaid & Uddin, Shahzad, 2013. "The role of structure and agency in management accounting control change of a family owned firm: A Greek case study," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 24(1), pages 62-73.
    5. Athanasios P. Bellas & Christos Tzovas, 2008. "The Effects of Dependency on Debt Financing On Financial Reporting Policy: The Case of Greece," European Research Studies Journal, European Research Studies Journal, vol. 0(1-2), pages 13-30.

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