Resilient and Sustainable GVCs: Strategies, Growth Trajectories, and Business Models of Italian Manufacturing SMEs Involved

Repeated external shocks emerging from differentiated sources are posing significant challenges to multinational enterprises and to smaller firms in a wide variety of sectors and nations. The aim of this study is to explore the dynamics and possible evolutionary paths of global value chains (GVCs) in which smaller Italian manufacturing companies are involved. The study will employ an exploratory research methodology based on multiple case studies. We will create a panel of business cases with an in-depth analysis of a set of pilot case studies. We will also simulate alternative scenarios in order to highlight the different possible growth trajectories, strategies, and business models of SMEs as key actors in these GVCs. This research will contribute to the research streams studying the relational dynamics within the GVCs between lead firms and subcontracting companies. From managerial implications, this study will enable SMEs to make better-informed decisions regarding their business models and strengthen their capacity to respond to abrupt shocks within the GVC of lead firms.