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COVID-19 crisis challenges and responses : evidence from selected Greek SMEs
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Dimitratos, Pavlos and Kyriakopoulos, Panagiotis (2022) COVID-19 crisis challenges and responses : evidence from selected Greek SMEs. In: Etemad, Hamid, (ed.) Small and Medium Sized Enterprises and the COVID-19 Response. New Horizons in International Entrepreneurship . Edward Elgar Publishing, pp. 323-345. ISBN 9781802205763
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Official URL: http://dx.doi.org/10.4337/9781802205770.00028
Abstract
The COVID-19 crisis is a now a global crisis and a 'grand' strategy is essential for firms to respond to this pandemic crisis. In this study, we investigate how Greek SMEs from different industries responded to the COVID-19 crisis. We found that a retrenchment strategy of inventory and employees associated with liquidation was the most widely strategy used by SMEs during the COVID-19 crisis in Greece arising from either supply chain problems or from management decision to reduce cuts and size as a defensive strategy to survive. However, we identified that COVID-19 influenced several advanced- modes beyond exporting or micro- multinational. Greek SMEs digitally transformed their firms due to their strong networking, learning, and knowledge capabilities. The key challenges addressed by managers and practitioners were related to digital infrastructure scale-up, employment conditions and remote working (from home), cyber security and privacy, IT support, and supply chain management.
Item Type: | Book Item | ||||
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Divisions: | Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School |
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Series Name: | New Horizons in International Entrepreneurship | ||||
Publisher: | Edward Elgar Publishing | ||||
ISBN: | 9781802205763 | ||||
Book Title: | Small and Medium Sized Enterprises and the COVID-19 Response | ||||
Editor: | Etemad, Hamid | ||||
Official Date: | 12 April 2022 | ||||
Dates: |
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Page Range: | pp. 323-345 | ||||
DOI: | 10.4337/9781802205770.00028 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access | ||||
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