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SPIN OFF: AN INNOVATIVE MANAGEMENT “SHIELD” FOR SMES AGAINST TO FINANCIAL CRISIS

I. Makedos

First published: 2018https://doi.org/10.5593/sgemsocial2018/1.5/S05.113View metrics

Abstract

The aim of this paper is to present a realistic solution for the Small and Medium Enterprises (SMEs) despite the financial crisis via innovative management. It is believed that the first “victims” of the debt and financial crisis are the SMEs and for this reason we present the creation of a dynamic “shield” via spin off and university research. A literature review took place to investigate the issue and to prove that the change of the “usual” into innovative management in Small and Medium Enterprises gives direct solutions with smaller investment cost. On the other hand, the author claims that the university research in combination with the creation of spin off companies could give valuable solutions to the SMEs for their survival in difficult financial periods. An in depth research took place based in questionnaire data on 256 companies. The combination of econometric and statistical analysis gave reliable results. The finding confirmed the research hypothesis and the target of this study, giving innovative proposals on how the SMEs can be developed via collaboration with universities and spin off companies, especially in smaller countries in which the SMEs are the “spine” of their economy.

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Publication details

Title
SPIN OFF: AN INNOVATIVE MANAGEMENT “SHIELD” FOR SMES AGAINST TO FINANCIAL CRISIS
Authors
I. Makedos
Proceedings
5th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2018
Publisher
STEF92 Technology
Year
2018
Pages
907-914
SWS Citekey
Makedos20185907914
ISSN
2367-5659
ISBN
978-619-7408-65-2
Language
en
Publication type
Proceedings Paper
Keywords
SMEsspin offcrisismanagementresearch methodology
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