This paper brings together the results of a study conducted on a group of Italian businesses that have been trading for over two hundred years and have over the whole of that time been owned and run by the same families.The study aimed in particular to reveal any constant characteristics common to these enterprises that could have provided them with the vitality to extend in time beyond the fundamental threshold of their founders.These constants fundamentally relate to the nature of the management and its relationship to the concepts of product, time, the dream, beauty and ethics.The existence of these constants indicates the potential of those companies that offer services for the community rather than those that embody a notion of “impatient capital” seeking only short term profit.
The Key to Vitality. The case of the Italian centenarian family business
BACCARANI, Claudio;GIARETTA, Elena
2010-01-01
Abstract
This paper brings together the results of a study conducted on a group of Italian businesses that have been trading for over two hundred years and have over the whole of that time been owned and run by the same families.The study aimed in particular to reveal any constant characteristics common to these enterprises that could have provided them with the vitality to extend in time beyond the fundamental threshold of their founders.These constants fundamentally relate to the nature of the management and its relationship to the concepts of product, time, the dream, beauty and ethics.The existence of these constants indicates the potential of those companies that offer services for the community rather than those that embody a notion of “impatient capital” seeking only short term profit.
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