Greek Firms and EMU:: Contrasting SMEs and Large-Sized Enterprises

Yiannis Spanos, Gregory Prastacos, Vassilis Papadakis

Research output: Contribution to journalArticlepeer-review

52 Scopus citations

Abstract

The primary aim of this study is to contrast and identify differences in the ways by which SMEs and large firms have attempted to change their management practices in order to cope with the formidable challenges associated with competing in the EMU. Using survey data collected from leading Greek firms shortly before Greece's recent accession to the EMU, the study is an attempt to begin empirical work in this area by focusing on changes in competitive strategy, structure and management processes. The results indicate that both SMEs and large firms have initiated changes in all three dimensions. It seems, however, that the degree and direction of these responses depends on size; SMEs appear less able and/or less willing to implement change, perhaps because of size-related disadvantages.

Original languageEnglish
Pages (from-to)638-648
Number of pages11
JournalEuropean Management Journal
Volume19
Issue number6
DOIs
StatePublished - Dec 2001

Keywords

  • EMU
  • Large firms
  • Management processes
  • Organizational change
  • SMEs
  • Strategy
  • Structure

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