By Fulvio Coltorti, Riccardo Resciniti, Annalisa Tunisini, Riccardo Varaldo
The constitution of Italian is characterised through a predominance of small sized businesses and the presence of only a few huge businesses. for a very long time a conviction used to be shared between students and practitioners that the power and security of Italian have been according to its business districts, that's, the approach of interdependent and co-localized small businesses which derive their aggressive strength from an efficient and effective department of labour. This e-book stresses the concept a brand new, very important and promising phenomenon for the competitiveness of Italian is concentrated on mid-sized businesses, and the structures of interconnected organisations that shape a constituent a part of their enterprise version. those businesses, which originate principally from districts and different neighborhood creation structures, are a powerful entrepreneurial strength complementing the districts that experience characterised Italy and made Italian well-known all over the world. A quantitative and qualitative research of those organisations is supplied during this publication. enterprise versions and techniques carried out by way of a few profitable Italian mid-sized production businesses also are explored. outcomes by way of administration and business rules are supplied. a last examine the German Mittelstand supplies an invaluable comparison.
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Additional info for Mid-sized Manufacturing Companies: The New Driver of Italian Competitiveness
The lower limit in terms of revenues has been determined empirically, so as to exclude documents for companies that are too small, whose accounts tend to omit a signi¿cant share of their activity (undeclared), and to include those whose organization shows a degree of sophistication. The upper revenue limit has been selected to prevent companies being labelled medium-sized which in fact tend to be more commercial than manufacturing in nature (with high turnover and low staff levels). In our view, the revenue levels provided in the EU regulations currently in force are too low (between €10m and €50m).
The latter increased more slowly than the former, which is due, as well as to the dif¿culties arising from the market stagnation, to reorganization of the ¿OLqUH structure which in some cases has led to relocating production. This structural change has caused a decrease in inhouse production levels but not in turnover, which has grown faster than value added. Recent trends in the globalization of these companies suggest a shift in the organization of ¿OLqUH relations. Based on the responses to the sample survey conducted by Mediobanca and Unioncamere in 2012, 31% of 28 G.
It should also be pointed out that a low or non-existent export rate should not necessarily be seen as an indication of a lack of competitiveness. Firstly, the domestic market itself is subject to competition from non-domestic operators (frequently large multinationals), and secondly it is possible to identify many companies – such as producers of machinery or intermediary goods – that supply the large exporters, which would lose this position if they were not competitive. The medium-sized ¿rms recorded margins as a percentage of sales which are similar in size to those posted by the medium-large companies, and higher than those of the non-Italian and larger groups, but far below those of the European multinationals (again not including the oil companies), among which the highest margins were recorded in the chemical and pharmaceutical, food and drink and construc- 440 MI > 75% 387 MI 61-74% 593 MI 41-60% Export 708 MI 16-40% 565 MI < 15% 527 MI ZERO EXPORT Sales in Italy Fig.