International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Corporate Progress: What Changes and Chances in Italy after the Great Recession
Adalberto Rangone

The Great Recession has upset the global market, changing the balances that for long time have characterized the corporate progress. However, in this evolutionary process some specific elements maintain their important role in favor of the company’s development: the entrepreneurial capital, human capital and financial capital. These are three definitions widely recurring in corporate culture that persist across the changes but are often considered as independent elements and - for this reason independently analyzed - without considering that firm’s reasoning is expression of a changing process over the time but, overall, deeply characterized by interconnected factors. This principle is even more visible after the Great Recession. Analyzing how an entrepreneur or a company makes specific market choices means identifying the aims, joining them to the technical skills of the company in order to realize a product or a service and, last but not least, quantifying the financial instruments to support the company project. That’s why entrepreneurial capital, human capital and financial capital express three voices of a sole paradigm. They are expression of the company’s progress and for this reason they should be duly related to new challenges of a market always more interconnected and global, especially in case of SMEs.

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