Open AccessTowards A New Approach of Local Development under Crisis Conditions: Empowering the Local Business Ecosystems in Greece, by Adopting a New Local Development Policy
Author(s) -
Charis Vlados,
Nikolaos Deniozos
Publication year - 2017
Publication title -
international journal of regional development
Language(s) - English
Resource type - Journals
ISSN - 2373-9851
DOI - 10.5296/ijrd.v5i1.11955
Subject(s) - local development , business environment , order (exchange) , business , scale (ratio) , process (computing) , industrial organization , economic system , business ecosystem , local economic development , process management , knowledge management , regional science , computer science , economics , economic growth , geography , business administration , cartography , finance , operating system
The competitiveness of the Greek economy evolves, both in the present crisis and later on, according to the dynamic micro-level environment and its transformations. This evolution depends on the SME’s abilities to claim a significant role in the new, competitive global environment, which is characterized by a continuous reshaping process. Respectively, the goal of achieving development in the local scale is of vital importance. This paper attempts to approach and highlight a new framework, by proposing a new business ecosystems approach and policy, focusing on the implementation of a method for strengthening the SME’s physiology. This method proposes the construction of systematic knowledge and innovation mechanisms, on a local scale; the Local Development and Innovation Institutes (LDI’s). Subsequently, we analyze the regional data in Greece in order to highlight the most affected by the crisis region and to experimentally establish the Local Development Institutes.