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A break with the past? The shift from inward‐looking to internationally competitive and born global firms in Greece during the crisis
Author(s) -
Pepelasis Ioanna Sapfo,
Protogerou Aimilia
Publication year - 2018
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.2975
Subject(s) - phenomenon , turning point , economics , face (sociological concept) , market economy , moment (physics) , core (optical fiber) , economic geography , economy , economic system , sociology , engineering , social science , period (music) , epistemology , telecommunications , philosophy , physics , classical mechanics , acoustics
This article analyzes the core features of the new, innovative, and outward‐looking entrepreneurial paradigm arising in Greece during the post‐2008 contraction of the economy. Through case studies of 21 selected firms, we demonstrate the ways in which the new paradigm differs from the pre‐2008 prevailing business practices and the reasons why it has appeared at this particular moment in time. We argue that if it expands, this phenomenon may have the potential to change the face of Greece but that at this moment in time, it is at a critical turning point.