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Weak Sustainable Development Trajectories and Evolving Organisational Physiologies: Empirical Evidence from Greece

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  • Chatzinikolaou, Dimos

    (Democritus University of Thrace, Department of Economics)

  • Vlados, Charis

    (Democritus University of Thrace, Department of Economics)

Abstract

This chapter investigates the physiological transformation of small firms in a less developed regional business ecosystem facing multiple development problems, barriers, and inadequacies. We present four field surveys we recently conducted in the peripheral Greek region of Eastern Macedonia–Thrace, on a sample of 230 small entrepreneurs, exploring their perception of the following conceptual triangles: (a) Crisis–Innovation–Change Management, (b) Strategy–Technology–Management, and (c) Human Resource Management–Education and Training–Innovation. We conclude that the sample firms exhibit symptoms of monad-centric business structuring and perceptual-functional weaknesses, which are due to their “traditional” physiology. These comparative weaknesses seem structurally and bi-directionally linked to the low competitiveness of this regional socioeconomic system.

Suggested Citation

  • Chatzinikolaou, Dimos & Vlados, Charis, 2023. "Weak Sustainable Development Trajectories and Evolving Organisational Physiologies: Empirical Evidence from Greece," DUTH Research Papers in Economics 5-2023, Democritus University of Thrace, Department of Economics.
    • Handle: RePEc:ris:duthrp:2023_005
    Note: In D. Vrontis, A. Thrassou, L. Efthymiou, Y. Weber, R. Shams, & E. Tsoukatos (Eds). Vol.1 - Business for Sustainability: Strategic Avenues and Managerial Approaches (pp. 201-226). Palgrave Studies in Cross-Disciplinary Business Research, In Association with EuroMed Academy of Business. Cham: Springer. ISBN: 9783031373602.
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    Keywords

    entrepreneurship; less-developed regions; evolutionary economics; biological metaphors; evolutionary view of the firm; Stra.Tech.Man (Strategy–Technology–Management); evolutionary organisational physiology; business monad-centredness; business massiveness; business flexibility; Greek entrepreneurial;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

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