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Essay

Clusters And The New Economy

Essay specific features

 

Issue:

Business

 

Written by:

Lorraine P

 

Date added:

January 9, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

1 / 269

 

Was viewed:

1910 times

 

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Essay content:

Competition can coexist with cooperation because they occur on different dimensions and among different players. Why clusters are critical to competition: they affect competition by 3 ways: 1. increasing the productivity of companies in the area. 2. driving the direction and pace of innovation which underpins future productivity growth...
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stimulating the formation of new businesses which strengthens the cluster itself. Clusters and productivity companies that are in a cluster can operate more productively in sourcing inputs, accessing information, technology and institutions. Why: - Better access to employees and suppliers. - Access to specialized information - Complementarities - Access to Institutions and Public goods - Better motivation and measurement (local rivals share general circumstances) Clusters and innovation same reasons for productivity can have a more dramatic effect on innovation...
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