Word: faninal
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Dates: during 2000-2009
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...knit network of 1,100 highly specialized small firms. And it transformed a once modest rural area into one of Italy's richest and most dynamic commercial zones, a district with virtually full employment and a chronic shortage of skilled labor. "We were the China of Europe," boasts Giulio Fanin, an entrepreneur who makes machine tools for chair manufacturers...
...Manzano is to recover its mojo, the chair triangle's entrepreneurs know that they--and not politicians wielding protective tariffs--will be the ones to find it. "This is a moment of maturation," says Fanin, the machine-tool manufacturer, who recently laid off six of his 15 workers. "You can't compete on price. You need to believe in the company and innovate. There's no third...