Menu
Search
Menu
Search
IT Success: Which Metrics Matter?
Starbucks changes name in S. Korea as new owner takes over; Menu list will remain the same
What’s Behind The Popularity Of Cryptocurrency?
McDonald’s Australia reintroduces Chicken Big Mac; Crossbody Bags also offered in Singapore restaurants for the new year
HBO Max reportedly preparing to launch in South Korea
Why COVID-19 means the era of ever cheaper air travel could be over
Nike’s fifth Russell Westbrook Jordan basketball shoe debuts in four color variants
NFT: Samsung reveals NFT platform for its smart TV 2022 lineup
Little Caesars to add 33% more pepperoni on Hot-N-Ready pizza for additional 55 cents
NFT: Eminem joins Bored Ape Yacht Club via non-fungible token purchase for $462K
Burger King outpaces McDonald’s, KFC to become first UK fast-food chain to offer vegan ‘chicken’ nuggets
Apple is now the world’s first business to reach $3 trillion market cap
Morgan Stanley to settle data breach lawsuit for $60M
– NFTs, Championed By Mark Cuban, Find New Horizons in Trading Platforms and NBA NFTs – New dApp and NFT Hub Promises To Be The NFT ecosystem Of Choice for NBA TopShots
Popeyes finally launching in South Korea
Working holidaymakers bring in $3bn each year – so, how will Australia ensure they come back?
Hundreds of Koreans sued the government officials for vaccine pass requirement
The entrepreneurship of Magnaghi Aeronautica’s president Paolo Graziano is a case of success
Every year, on the second Monday of each October, the United States celebrates its Italian American Heritage Month in an overlap with the federal holiday of Columbus Day. The country has been praising the presence of Italian expats since 1989 with more than 200 festivals being held in states and planned to look like they are made in Italy.
Between 1820 and 2000, over 5 million Italians immigrated to the United States, while currently there are over 26 million Americans of Italian descent residing in the country. The same goes when we talk about Italian brands and inventions being used by Americans — from fashion brands like Gucci to luxury cars like Ferrari or a Bialetti moka for a cup of coffee. What some may not know, however, is that Italians are also present in the aeronautic industry due to the excellent work being done by the Neapolitan company Magnaghi Aeronautica (MA Group).
Founded in 1936, the firm is currently led by the Neapolitan entrepreneur Paolo Graziano. The MA Group has specialized in design, certification, production and subsequent marketing of landing gear systems, equipment, hydraulics and electronic systems for aerospace use. All these products have allowed them to establish partnerships with some of the most important aircraft manufacturers in the world while competing with only two other enterprises which are giant multinationals.
This is important information when you realize that the MA Group is an Italian medium-sized enterprise. According to Graziano, it is precisely the “Italian resourcefulness” which helped them reach the top. “It is a quality that has made our country great in the past, which is part of our tradition and which we represent today,” says the president, who also adds that this resourcefulness combined with technical skills and technology research are both other ingredients of their success.
What is more, it is the very fact that they are a midsized company which allows them to maintain their agility, speed and dynamism. “These are fundamental characteristics of today’s market, although they are foreclosed to larger companies,” he argues. However, these qualities are only achieved when human capital is also put in the first place. “Technology without the competence of the technician to supervise it is useless. We not only have engineering technologies and processes that represent the state of the art in our sector, but also highly qualified technicians,” adds the president of the MA Group.
In spite of occupying the post of president of the company, Paolo Graziano likes to stress his entrepreneur verve and how this is different from a management approach. “The difference is that the entrepreneur has the ability to put a vision into practice, to look beyond, to imagine what is not yet there. The manager, on the other hand, must interpret the vision and put it into practice, with intelligence, experience and with the support of his team,” he explains.
As an entrepreneur, Graziano takes risks and courage and even “a pinch of madness” to make and establish the MA Group’s excellence. To explain the way his leadership works, he quotes a sentence from the lawyer Gianni Agnelli: “Entrepreneurs are a bit like Norwegian sailors who just need a slice of blue to get back to the sea when the sky is gloomy and full of rain.” Such an approach has proved to be successful as the numbers show: from 2000 to 2020, revenues went from €19m to € 91m and the Group has 8 factories in 4 continents, with 900 employees.
Currently, MA Group is also dedicating their efforts to join the global task-force against climate change. “Committing to safeguard the planet means respecting future generations by giving them a healthy ecosystem. The MA Group Landing Green project was born from the awareness that sustainability today represents a real strategic asset as well as a fundamental element of development,” explains the president of the firm.
Such is the commitment that this year, in 2021, Graziano has implemented sustainability as an item in their balance sheet. “The actions we implement and the commitment linked to the environment deserve special attention that we will be happy to share with our employees and customers,” he concluded.
This article does not necessarily reflect the opinions of the editors or the management of EconoTimes
IQ tests: are humans getting smarter?
Do people become more religious in times of crisis?
How scientists make plant-based foods taste and look more like meat
COVID in India: the deep-rooted issues behind the current crisis
Robots are coming and the fallout will largely harm marginalized communities
Gambling: a sure bet? The global challenges facing young people
What’s a capital gain and how is it taxed?
Why states didn’t go broke from the pandemic
Space tourism – 20 years in the making – is finally ready for launch
Popeyes finally launching in South Korea
NFT: Samsung reveals NFT platform for its smart TV 2022 lineup
Starbucks changes name in S. Korea as new owner takes over; Menu list will remain the same
Toyota close to dethroning GM as America’s leader in auto sales
FxWirePro- The Bull and bear scenario for the top cryptocurrency (Bitcoin and ETH)
BMW, Mercedes-Benz take lead in S. Korea’s imported car sales
Apple is now the world’s first business to reach $3 trillion market cap
Donald Trump lawsuit: Ex-US archivists say ex-POTUS’ attempts to block records is to avoid ‘prison time’
Democrats anticipating Nancy Pelosi’s exit, Hakeem Jeffries seen as contender to be House Speaker
Hong Kong news outlet shuts down amidst crackdown
Back to Top ▲
©Elmin Media . All Rights Reserved. By using this site, you agree to the Terms of Service, Privacy Policy, and Cookie Policy.
Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect’s individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.
EconoTimes. Elmin Media LLC. All Rights Reserved. | 17 Seonyu-ro 49-gil, Yeongdeungpo-gu, Seoul, South Korea
Newspaper Registration No. Seoul A04906 | Registration Date. 2018.01.02
Publisher/Editor. Sungmin Kwon | Juvenile Protection Manager. Seokjin Yoon
Tel. +82.2.6332.2245
Sign up for daily updates for the most important
stories unfolding in the global economy.