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Local Support Mechanisms for Entrepreneurship: The Approach of Local Development and Innovation Institutions

Author

Listed:
  • Fotios Katimertzopoulos

    (Democritus University of Thrace, Department of Economics)

  • Charis Vlados

    (Democritus University of Thrace, Department of Economics)

Abstract

Purpose: The growth potential of SMEs entrepreneurship is examined at regional and local level, initially on a Global scale and then for the case of Greece. Additionally, the possibility of an economic development policy beyond the macroeconomic approach is examined, focusing on business growth and competitiveness in the light of meso and micro-economic policy approach. Design/methodology/approach: This research leads to the proposal of building knowledge mechanisms and direct and efficient systematic development and innovation at the local level, particularity during a time of economic crisis. The establishment of Institutes of Local Development and Innovation (ITAK) is primarily geared towards promoting innovative entrepreneurship and extroversion of locally installed businesses. As part of the proposal for the establishment of ITAK, a questionnaire was developed - a tool to initially measure companies' opinions on the need for outside help in the macro, meso and micro environment, in order to demonstrate that ITAK local-level structures could be developed. Findings: The survey results were accrued via the analysis of questionnaires distributed to companies. The results of the questionnaires in the micro-environment in relation to those in the macro-environment shows a lower tendency to change business, which may be because managers perceive economics several times more in macroeconomic terms rather than in meso and micro economic (terms). Research limitations/implications: The restrictions of this particular research are the small sample of study of businesses in one country (Greece); this is because the approach of study, which is quantitative-qualitative, limits analysis to small data sets in the current phase. Originality/value: The results in the micro-environment, in relation to those at macro-environmental, shows a lower tendency to change business, something which may be because managers perceive economics several times more in macroeconomic terms, rather than in meso and micro economic (terms).

Suggested Citation

  • Fotios Katimertzopoulos & Charis Vlados, 2017. "Local Support Mechanisms for Entrepreneurship: The Approach of Local Development and Innovation Institutions," DUTH Research Papers in Economics 1-2017, Democritus University of Thrace, Department of Economics.
    • Handle: RePEc:ris:duthrp:2017_001
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    References listed on IDEAS

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    1. Hannon, Bruce, 1997. "The use of analogy in biology and economics: From biology to economics, and back," Structural Change and Economic Dynamics, Elsevier, vol. 8(4), pages 471-488, October.
    2. Sen, Amartya, 1983. "Development: Which Way Now?," Economic Journal, Royal Economic Society, vol. 93(372), pages 742-762, December.
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    Cited by:

    1. Charis Vlados & Nikolaos Deniozos & Demosthenes Chatzinikolaou, 2018. "Global Crisis, Innovation and Change Management: Towards a New Systemic Perception of the Current Globalization Restructuring," International Business Research, Canadian Center of Science and Education, vol. 11(8), pages 9-29, August.
    2. Charis Michael Vlados & Fotios Katimertzopoulos & Ioannis Blatsos, 2018. "Innovation in Stra. Tech. Man (Strategy-Technology-Management) Terms," Journal of Entrepreneurship and Business Innovation, Macrothink Institute, Journal of Entrepreneurship and Business Innovation, vol. 5(2), pages 1-1, December.
    3. Charis Vlados & Nikolaos Deniozos & Demosthenes Chatzinikolaou & Michail Demertzis, 2018. "Perceiving Competitiveness under the Restructuring Process of Globalization," International Journal of Business and Management, Canadian Center of Science and Education, vol. 13(8), pages 135-135, June.
    4. Charis Vlados & Dimos Chatzinikolaou & Fotios Katimertzopoulos & Theodore Koutroukis, 2019. "Regional underdevelopment and less developed business ecosystems: The case of Eastern Macedonia and Thrace," Bulletin of Applied Economics, Risk Market Journals, vol. 6(2), pages 31-44.
    5. Charis Vlados & Dimos Chatzinikolaou, 2020. "Stra.Tech.Man innovation, HRM and Perception of Educational Needs in Underdeveloped Business Ecosystems: The Case of Retail Sector Firms in Eastern Macedonia and Thrace," International Journal of Human Resource Studies, Macrothink Institute, vol. 10(2), pages 330354-3303, December.
    6. Fotios Katimertzopoulos & Charis Vlados, 2019. "Towards a New Approach of Innovation in Less Developed Regional Business Ecosystems," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 9(3-4), pages 101-114.
    7. Charalambos Vlados & Fotios Katimertzopoulos, 2019. "The ¡°Mystery¡± of Innovation: Bridging the Economic and Business Thinking and the Stra.Tech.Man Approach," Business and Economic Research, Macrothink Institute, vol. 9(1), pages 236-262, March.
    8. Fotios Katimertzopoulos & Charis Vlados & Theodore Koutroukis, 2020. "Regional Innovation Systems and Less Developed Business Ecosystems: Fundamental Concepts and Theoretical Trends," DUTH Research Papers in Economics 7-2020, Democritus University of Thrace, Department of Economics.
    9. Antonios D. Livieratos & Vasilis Siemos, 2021. "Optimizing University Acceleration Programs. The Case of NKUA’s Multistage Model," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 14(2), pages 68-77, September.
    10. Charalampos Michael Vlados & Nikolaos Deniozos & Demosthenes Chatzinikolaou, 2018. "Towards A New Approach of Local Development under Crisis Conditions: Empowering the Local Business Ecosystems in Greece, by Adopting a New Local Development Policy," International Journal of Regional Development, Macrothink Institute, vol. 5(1), pages 1-1, December.
    11. Fotios Katimertzopoulos & Charis Vlados & Theodore Koutroukis, 2023. "Business and Regional Innovation Culture: An Overview of the Conceptualization of Innovation Culture," Administrative Sciences, MDPI, vol. 13(11), pages 1-17, November.
    12. Małgorzata Wosiek & Adam Czudec, 2019. "The Relationship between the Entrepreneurship and the Local Environment: Evidence from Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 262-289.
    13. repec:ers:journl:v:xxiv:y:2021:i:3:p:367-385 is not listed on IDEAS

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    More about this item

    Keywords

    Local development policy; local entrepreneurship; business ecosystem; small enterprises;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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