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8. Conclusion 
According to Ireland et al. (2003) “Entrepreneurship is a 
context-dependent social process through which individuals 

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International Journal of Economic Behavior and Organization 2017; 5(2): 36-53 
50 
and teams create wealth by bringing together unique 
packages of resources to exploit marketplace opportunities” 
(Ireland et al., 2003). In the case of Greece, instead of 
exploiting opportunities, many entrepreneurs are establishing 
companies because they have no other alternative, which is 
an indication of risk regarding the survival and the growth of 
these companies. What can be concluded from the current 
research is that Greek entrepreneurs have to take measures in 
order to keep pace with the needs of the times: in order 
companies to be established, they need ideas that will come 
from the institutional environment, such as the universities 
and clusters. They need capital, which can come from 
investors when there is a good business plan. They need 
entrepreneurs to be trained. Moreover, last but not least, they 
need State to be a supporter and not an obstacle. 
Limitations 
The basic limitations of the research were the number of 
responding enterprises in the questionnaire and the restriction 
of the research to a few geographical regions. The sample 
size could be larger, focusing mainly on the larger and more 
profitable businesses. The research was limited in the areas 
of Athens, Thessaloniki and Imathia, while it would be useful 
to include more areas in order to reveal the areas with the 
lowest rate of new business creation. This could be very 
useful for the development of the entrepreneurship in these 
regions. 
Suggestions for Further Research 
Some improvements and expansions could be made to this 
study. There could be a research about the links of the 
entrepreneurship and the general principles of management. 
Knowledge of marketing, human resource management, 
strategic management would be useful and necessary for the 
development of entrepreneurship in Greece? Another issue 
for further research could be the intention of the business for 
further investment during the economic crisis, examining 
which factors would affect this.