What is it about?

Micro-firm owners perceive the crisis as an ostensibly exogenous phenomenon, innovation as something quasi-unattainable—although vaguely significant—and change management as a relatively unknown process. These micro-firm owners in less developed ecosystems are unaware of the “crisis–innovation–change management” triangle as an adaptation mechanism. The Institute of Local Development–Innovation (ILDI) could aim to provide free consulting services to reinforce these firms’ organizational physiology by coordinating different socioeconomic actors.

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Why is it important?

Based on the reluctance of these individuals to cultivate their systematic business knowledge, it seems unrealistic that they would seek to pay the necessary high price for business consulting in the future. An ideal solution would be to build public entrepreneurship clinics to provide these less dynamic and adaptable organizations with free preliminary or in-depth counseling. The Institute of Local Development-Innovation could aim to provide free consulting services to reinforce organizational physiology by coordinating different socioeconomic actors.

Perspectives

We think presenting how small entrepreneurs perceive specific critical dimensions in business development literature illuminates pertinent problems to their growth.

Dimos Chatzinikolaou
Democritus University of Thrace

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This page is a summary of: Crisis, innovation and change management: a blind spot for micro-firms?, Journal of Entrepreneurship in Emerging Economies, October 2022, Emerald,
DOI: 10.1108/jeee-07-2022-0210.
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