Do multinational corporations drive innovation in the luxury industrial clusters? A case study of the Riviera del Brenta.

The luxury footwear industry, celebrated for its craftsmanship, exclusivity, and cultural significance, occupies a crucial position in the global fashion market. This thesis explores the role of multinational corporations (MNCs) as potential drivers of innovation within this sector, focusing on the Riviera del Brenta—a historic cluster in northeastern Italy renowned for its artisanal expertise in high-end footwear. Adopting a multidisciplinary approach, the research examines how MNCs, leveraging their resources, technologies, and global market reach, engage with local clusters to foster innovation. It investigates the balance between preserving traditional craftsmanship and integrating advanced practices introduced by global players. By examining this interaction, the study aims to explore how MNCs influence the development of industrial clusters, driving economic growth, sustainability, and competitive advantage. This research also considers how global practices shape the resilience of local industries, emphasizing the factors that enable clusters to adapt and remain competitive in a globalized context. By analyzing the dynamics of collaboration between MNCs and local actors, the thesis seeks to provide insights into how heritage and innovation can coexist in the luxury footwear industry.