 Italian industrial districts: crisis or evolution?Elio Iannuzzi and Massimiliano Berardi World Review of Entrepreneurship, Management and Sustainable Development, 2012, vol. 8, issue 1, 23-36 Abstract: Since the 1980s, many Italian industrial districts have pointed out a loss of competitiveness, a slow down of growth and even a lack of resources, which were not entirely due to mere negative market business cycles. The research paper, after a brief introduction concerning the main features of Italian industrial districts, identifies the main reasons of crisis in: corporate governance on one hand, entrepreneurs are too production-oriented with a short run perspective and undervalue the essential activities of R&D, strategic planning, financing, marketing, etc.; on the other, most of Italian districts do not have a collective governance, able to plan, drive and organise the whole system; limited relationships with external systems; low technology and limited innovativeness of the industry sector; inadequate investments in R&D and scarcity of financial sources. Finally, it tries to suggest some measures to overcome the crisis and successfully deal with global competition. Keywords: industrial districts; entrepreneurship; complexity; Italy; corporate governance; collective governance. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:wremsd:v:8:y:2012:i:1:p:23-36 Access Statistics for this article More articles in World Review of Entrepreneurship, Management and Sustainable Development from Inderscience Enterprises Ltd |
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