Business, Management and Economics Research

Online ISSN: 2412-1770
Print ISSN: 2413-855X

Quarterly Published (4 Issues Per Year)





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Volume 5 Number 10 October 2019

Evolutionary Economics and the Stra.Tech.Man Approach of the Firm into Globalization Dynamics


Authors: Dimos Chatzinikolaou ; Charis Vlados
Pages: 146-160
DOI: doi.org/10.32861/bmer.510.146.160
Abstract
This article aims to examine whether the “Stra.Tech.Man” approach (Vlados, 2004), which explores the dialectical synthesis between strategy, technology, and management inside all socioeconomic organisms fulfills the requirements to be an analysis of evolutionary direction. It tries to answer this question, in particular, by examining the theoretical foundations of evolutionary economics and the subsequent evolutionary theorization of the firm that stems analytically from evolutionary economics. With this goal in mind, an overview of the relatively recent literature is attempted by presenting some of the significant contributions to evolutionary economics and the evolutionary theory of the firm. Next, it examines the specific way of building the Stra.Tech.Man approach on the production process of innovation and change management, by analyzing how this can lead to the structuration of an evolutionary direction of business planning for any socioeconomic organism.

Influence of Investment Skills on Long Term Performance of Athletes in Elgeyo Marakwet County, Kenya


Authors: Evans Biwott ; William Sakataka ; Wasike Edward Wanyonyi
Pages: 142-145
DOI: doi.org/10.32861/bmer.510.142.145
Abstract
The study set out to address the effect of poor long term financial performance of athletes in Elgeyo Marakwet County. The purpose of the study was to assess effect of investment skills on long term financial performance of Kenyan athletes of Elgeyo Marakwet County, Kenya.  The objective was to establish levels of influence of investment skills on long term financial performance of athletes. The study was carried out in Elgeyo Marakwet County which is one of the 47 Counties of Kenya. In regard to establishing levels of influence of investment skills on long term financial performance of athletes in Elgeyo Marakwet County, the study established that 63% did not have savings accounts, thus revealing a poor saving culture against those who had savings accounts at 37% respectively. The study also revealed that majority of the respondents at 62% did not have retirement accounts against only 38% who had retirement accounts. The government, both County and National should ensure favorable policy based conditions and regulations to ensure athletes invest locally for posterity and sustainability. Furthermore, the government should encourage investment advisory extension services across the community.