Conclusion: Resilience—What’s Next?
The previous chapters of this book did not explore the concept of resilience from the perspective of firms. Corporations, including small and medium-sized firms, are those to function as the real engines of the productive processes. They have been under extreme cost reduction policies due to great instability related to both medium-term severe technological change and numerous volatilities expected within the financial markets. To maximize potential cost reduction and mitigate loss, companies are obliged to add flexibility to their whole production process using salary reduction. It is predicted that continuous excessive downsizing will no longer be a sustainable solution for these issues.
KeywordResilience Regional innovation patterns Shortcuts for development Technological development Networking systems Strategic choices Regional strategic learning
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