Economic Crisis and the Extroversion of the Enterprises: An Empirical Approach

Abstract

In recent years, due to the economic crisis there is the phenomenon of diminishing the consumption within the limits of the country. Companies are looking for alternative ways to maintain and/or increase their profits. For this reason many of them are turning to exports, with which, it has been proved that Greeks can be productive and competitive.The extroversion of businesses aimed at the beginning or even the continuation of competitiveness and their business activity abroad. Thanks to extroversion, production relocates in industries and higher value-added products and contributes to the conclusion of international collaborations. It also increases the visibility of Greek enterprises and their products abroad, international cooperation and finally it stimulates entrepreneurship in times of crisis.Such companies, which invest in extroversion in times of crisis, is the Folli-Follie, with large investments in China, the cooperative of Naoussa Vaeni winemakers, who works with Chinese trading company. Also, Kozani Saffron and the company Fereikos-Helix, which deals with the breeding of snails Helix Aspers Moller. All of these efforts are reinforced by the program "Extroversion – business competitiveness (2007 - 2013)". In this study we will try to develop the sequel (;) economic development and answer questions such as: what was the situation in the area of exports before the economic crisis, what is the existing situation and finally what are the future opportunities for Greek companies. The conclusions of this study are particularly important and any exploitation will contribute substantially to increasing openness and hope to be the beginning for conducting future surveys.

DOI: 10.5901/ajis.2013.v2n9p696