What is it about?
The theories on the clustering phenomenon put forth by the thinkers in the last seventy years are organised around the themes of Clusters, Innovation and Competitive Advantage ( by strategists from the late seventies); Clusters and Agglomeration Externalities ( by industrial and geographical economists since the nineteen twenties); Clusters and Linkages (by economists and strategists). It concludes around the two main effects attributed to clusters – positive feedback, and, productivity and growth - and finally the article observes some famous clusters around the world.
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Why is it important?
This paper seeks to review the state of knowledge to this much talked-about paradigm, first made famous by Porter (1990) - who have become aware of its central importance in competitive strategy. While clusters have been explored in a wide range of literature, some valuable insights on how clusters enhance the value chain and promote innovation is revealed in this article. An understanding of clusters adds an important dimension to the more commonly debated role of personal contact networks in the success of entrepreneurial small business.
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This page is a summary of: Cluster Theory and Practice: Advantages for the Small Business Locating in a Vibrant Cluster, Journal of Research in Marketing and Entrepreneurship, October 2002, Emerald,
DOI: 10.1108/14715200280001472.
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