Principle characteristics in Firms’ competitiveness endeavour: Use of managerial and strategic reasoning technics for (SMEs)

The purpose of this paper is to study the characteristics of competitiveness in firms’ sectors of the Greek manufacturing industry, based on firm level accounting and qualitative data attempting to identify key issues regarding Greek SMEs. An unbalanced data set of 407 Greek manufacturing SMEs is implemented, covering the period of 2003-2011 with the use of a multivariate regression model (EGLS) with explanatory variables characterizing firms’ operational activity.
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Principle characteristics in Firms’ competitiveness endeavour: Use of managerial and strategic reasoning technics for (SMEs) 119Int. J Sup. Chain. Mgt Vol. 8, No. 4, August 2019 Principle Characteristics in Firms’ Competitiveness Endeavour: Use of Managerial and Strategic Reasoning Technics for (SMEs) Christos Lemonakis#1, Alexandros Garefalakis#2, Georgios Xanthos#3 Nikolaos Sialveras#4 # Department of Business Administration, Technological Educational Institute of Crete Estavromenos, Heraklion, Crete * Department of Financial Applications, Western Macedonia University of Applied Science koila, Kozani, Greece 1lemonakis@staff.teicrete.gr 2agarefalakis@staff.teicrete.gr 3xanthosg@staff.teicrete.gr 4nisialve@gmail.comAbstract- The purpose of this paper is to study the dominance and steadiness in the competitioncharacteristics of competitiveness in firms’ sectors of between the individual companies and competitorsthe Greek manufacturing industry, based on firm level on a micro level and it is a sum of properties andaccounting and qualitative data attempting to identify activities of a given production unit, by means ofkey issues regarding Greek SMEs. An unbalanced which it can increase its market share and or profitdata set of 407 Greek manufacturing SMEs isimplemented, covering the period of 2003-2011 with on a given market, during a given period. Tangiblethe use of a multivariate regression model (EGLS) and intangible innovation investments and R&Dwith explanatory variables characterizing firms’ expenditures positively affect firm competitivenessoperational activity. Although considerable empirical [30]. Knowledge creation and informationwork has been done on this subject, research on the management are also potential competitivenesstopic is limited and non-existent for Greece. An Index sources [10].is developed in order to measure competitiveness Considering the fundamental role played by smallcharacteristics in the Greek SMEs. The method to and medium sized enterprises (SMEs) in the Greekdetermine these characteristics in Greek economy, representing 99.9% of the total enterprisesmanufacturing SMEs is novel using factors related toknowledge management, information technology, [21]) and the considerable attention placed on issuesinnovation in comparison with accounting data related to firms’ competitiveness, the purpose of thispresenting main competitiveness characteristics study is to investigate the performance level ofespecially in the during the crisis period . manufacturing SMEs, creating a competitive index model. To the best of our knowledge, research onKeywords— Greek SMEs, qualitative accounting, crisis, the measurement of a firm level competitivenessKnowledge management. index based on accounting and qualitative (managerial and strategic firm characteristics) data, is limited. There are many studies on competitiveness and1. Introduction factors affecting it, calculation of competitivenessThe survival, growth and success in periods of index, but mainly on regional, country or industryeconomic turbulence depends on competitiveness level, based on industry and macro sphere factors,In recent days, competitiveness has become [12]-[31]-[17]. However, empirical research onbuzzword, receiving attention from researchers, determinants of firm level competitiveness, based ongovernments and business organizations because of quantitative accounting and qualitative data, isits close association with the success of an entity limited abroad and non-existent in Greece. This[4]. Competitiveness originates from Latin word, research attempts to cover this gap, providingcompeter (i.e. involvement in business rivalry for evidence about factors impact competitive dynamicmarkets), defined as the ability to achieve______________________________________________________________International Journal of Supply Chain ManagementIJS ...