5. GDP and Inflation
Elements of a Country’s
Economy
GREECE
GDP GROWTH RATE 0.2%
UNEMPLOYMENT 26.8%
INFLATION 0.2%
TRADE DEFICIT/SURPLUS Deficit
850.9 EUR million
DEBT 347.6 billion EUR
OECD.ORG
9. Type of Political
System
• Three Branches of Power
• Two Socialist Parties
• Elections
• Separate Local Governments
10. Political Risk
• High Unemployment
• Bankruptcy
• Tax Increases
• Spending Cuts
• Protests
11. Legal System and
Corruption
• Legal Tradition of Civil Law
• Transparency International
• Demanding and Accepting Bribes
• Limitations on Criminal Offenses
• Ministers who have committed crimes
16. Entering Greece
• Why Greece is good for our service
• Dealing with the challenges
• Entry Mode
• Competitive Dynamics
• Strategies
• Market
• Supply Chain
• Human Resources
• Financing and Governing the Corporation
• Corporate Social Responisbility
17. Why Greece is Good for Our
Service
• Financial Cuts and the National Healthcare System
• Economic Crisis and Healthcare Cuts
• DME Genotype Panel Testing
• How it works
• Less Trial and Error
• Less Medical Service
• Saving Money Without Cutting Benefits
18. Dealing With the
Challenges• Economic
• Pressure on the Government
• They will save money!
• Political
• Professional Strikes, tax increase, and
unemployment
• Having capital
• Cultural
• Family and Time
• Group Oriented
• Learning the Language
19. Mode of Entry
• Large Scale in Equity Mode
• Advantages
• Ownership
• Location
• Internalization
• Joint Venture
21. Strategies
• Marketing
• Product, service, price, promotion, and place.
• Enhancing the outlook of healthcare
• Costs and benefits
• Supply Chain
• Adjusting to agility, adaptability, and alignment
• Being open to change
• Human Resources
• Getting them employed
• Using the four C’s
• Four key dimensions
22. Financing and
Governing
• Business Model
• Being involved with bank loans and stockholders
• High risk
• European Aid Grants
• Tax incentives
23. Corporate Social
Responsibility
• Getting to know the area
• Making the country better
• Providing more jobs
• Taking a stand for the people
• Organizational Culture
25. References
• Economics, T. (n.d.). Retrieved 2013, from www.tradingeconomics.com
• Forbes. (n.d.). Retrieved 2013, from
http://www.forbes.com/sites/deanpopplewell/2012/12/21/the-currency-outlook-for-2013-
mixed-year-for-the-mighty-dollar/
• Google. (n.d.). Retrieved 2013, from www.google.com(pops up with search)
• oecd.org. (n.d.). Retrieved 2013, from
http://www.oecd.org/eco/outlook/greeceeconomicforecastsummary.htm
• oecd.org. (n.d.). Retrieved 2013, from
http://www.oecd.org/daf/internationalinvestment/FDI in figures.pdf
• (n.d.). Retrieved from www.doingbusiness.org.
• Greece Economy-Overview. (2012, January 9). Retrieved from
http://www.indexmundi.com/greece/economy_overview.html
• Peng, M. (2011). Global Business 2nd ed. . Mason, OH: South-Western.
• pslweb.org. (n.d.).
• Reuters. (2011, December 2011). Take a Look: Greece's Main Political Risks. Retrieved
February 27, 2013, from Foxbusiness.com:
http://www.foxbusiness.com/markets/2011/12/12/take-look-greeces-main-political-risks/
• The Greek Political System Divided in Powers. (n.d.). Retrieved February 27, 2013,
from http://www.greeceindex.com/political-
system/greek_political_system_powers.html#greek_president
• Transparency International-the Global Coalition Against Corruption. (n.d.). Retrieved
February 25, 2013, from http://www.transparency.org
26. References
• (n.d.). Retrieved from www.doingbusiness.org.
• Greece Economy-Overview. (2012, January 9). Retrieved from
http://www.indexmundi.com/greece/economy_overview.html
• Peng, M. (2011). Global Business 2nd ed. . Mason, OH: South-Western.
• pslweb.org. (n.d.).
• Reuters. (2011, December 2011). Take a Look: Greece's Main Political Risks.
Retrieved February 27, 2013, from Foxbusiness.com:
http://www.foxbusiness.com/markets/2011/12/12/take-look-greeces-main-
political-risks/
• The Greek Political System Divided in Powers. (n.d.). Retrieved February 27,
2013, from http://www.greeceindex.com/political-
system/greek_political_system_powers.html#greek_president
• Transparency International-the Global Coalition Against Corruption. (n.d.).
Retrieved February 25, 2013, from http://www.transparency.org
• What does Capitalist Economy Mean. (n.d.). Retrieved February 28, 2013,
from http://www.audioenglish.net/dictionary/capitalist
• www.athensnews.gr. (n.d.).
• www.gsdrc.org. (n.d.). Retrieved February 2013
• www.isite.lps.org. (n.d.). Retrieved February 2013
• www.unconstitution.net. (n.d.). Retrieved February 2013
27. References
• Etiquette, G. B. (2013). foreigntranslations.com. Retrieved from Greek Business Etiquette Tips:
http://www.foreigntranslations.com/languages/greek-translation/greek-business-etiquette/
• kwintessential.com. (n.d.). Retrieved from kwintessential.com
• Peng, M. (2011). Global Business 2nd ed. Mason, OH: South-Western.
• Scevola, C. (2009, 09 12). Retrieved from hg.org: http://www.hg.org/article.asp?id=7796
• Alderman, L. (2012, October 24). Amid Cutbacks, Greek Doctors Offer Message to Poor: You Are
Not Alone. Retrieved April 2013, from The New York Times:
http://www.nytimes.com/2012/10/25/world/europe/greek-unemployed-cut-off-from-medical-
treatment.html?pagewanted=all&_r=0
• Crookes, Del. (2012, September 26). Greece in Crisis: How European Debt Problems Affect You.
• Retrieved April 2013, from http://www.bbc.co.uk/newsbeat/19727017
• Drum, Kevin. (2011, May 13). The Political Problem That is Greece. Retrieved April 2013, from
• http://www.motherjones.com/kevin-drum/2011/05/political-problem-greece
• Langhans, C. (2009). Doing Business in Greece. Retrieved April 2013, from Communicaid.com.
• News, B. (2012, November 27). Eurozone Crisis Explained. Retrieved April 2013, from
http://www.bbc.co.uk/news/business-13798000
• Peng, M. (2011). Global Business (2nd ed.). Mason, OH: South-Eastern.
• Peng, M. (2011). Global Business (2nd ed.). Mason, OH: South-Western.
• Schwab, K. (2012). Global Competitiveness Report.
• Startup Overseas. (2013). Financing a Business. Retrieved from
• http://www.startupoverseas.co.uk/starting-a-business-in-greece/financing-a-business.html
• Tsakarestou, B. (2000). Issues and Prospects. Corporate Social Responsibility in Greec, 1-12.
• Whitney, W. (2011, October 25). Austerity cuts in Greece cause suffering. Retrieved April 2013, from
Peoples World: http://www.peoplesworld.org/austerity-cuts-in-greece-cause-suffering/
