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This explains the most important economic and business growth strategies in Greece. These take place within a broader economic initiative to take advantage of a relative advantage as a sun economy in the Balkans and South-East Europe while achieving a greater convergence toward the standards of the European Union. The cultural attributes of Greek organizations are assessed with respect to the effectiveness and the efficiency of their strategic intent, which supplies a powerful and meaningful common purpose for the productive forces, which can be pursued with a great discipline owing to the underlying organizational and social cohesion and solidarity. A cultural attribute model is utilized in order to assess the efficiency of existing organizational structures in exploiting relative advantage. It is concluded that despite the existence of these relative advantages, the cultural attributes of existing business and government organizations do not promote change and growth with a fast pace. For real convergence, decisive organizational and cultural changes are required.

Stream: Diversity, Globalisation, Development

Paper: Cultural Attributes in Contemporary Greek Business Development, The

Dr Theodore Koutsobinas taught Economics at the University of the Aegean and the University of Patras in Greece, the University of Gothenburg, Sweden and the American-Intercontinental University, London, UK. He served as an advisor to various Greek banks, to the Ministry of National Economy and to well-known international banks in NYC. He received a PhD in Economics from the New School University, NYC, USA and his post-doctorate studies were conducted at Cornell University, Ithaca, USA.