Advantages and disadvantages of the Italian entrepreneurial talents

The essay presents the original features of Italian entrepreneurship, that, for historical reasons, in so far was mostly focused on developing SMEs (small and medium sized enterprises). To make them internationally competitive, the strategy followed with some success by Italian entrepreneurs has been that of specialization and networking. However, globalization raises challenges that have to be faced through institutional reforms and the consolidation of medium size companies, i.e. the “Fourth capitalism”.