A business cluster is a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field. Clusters are considered to increase the productivity with which companies can compete, nationally and globally. In urban studies, the term agglomeration is used. Clusters are also very important aspects of strategic management.
Concept
The term business cluster, also known as an industry cluster, competitive cluster, or Porterian cluster, was introduced and popularized by Michael Porter in The Competitive Advantage of Nations (1990). The importance of economic geography, or more correctly geographical economics, was also brought to attention by Paul Krugman in Geography and Trade (1991).Cluster development has since become a focus for many government programs. The underlying concept, which economists have referred to as agglomeration economies, dates back to 1890, and the work of Alfred Marshall.
Michael Porter claims that clusters have the potential to affect competition in three ways: by increasing the productivity of the companies in the cluster, by driving innovation in the field, and by stimulating new businesses in the field. According to Porter, in the modern global economy, comparative advantage—how certain locations have special endowments (i.e., harbor, cheap labor) to overcome heavy input costs—is less relevant. Now, competitive advantage—how companies make productive use of inputs, requiring continual innovation—is more important. Porter argues that economic activities are embedded in social activities; that 'social glue binds clusters together'. This is supported by recent research showing that particularly in regional and rural areas, significantly more innovation takes place in communities which have stronger inter-personal networks.
What is a cluster? Find out in 1 minute with this quick explainer video.
Visit www.northernadelaideplains.com.au for more information about the Northern Adelaide Plains.
published: 01 Jul 2019
The power of business clusters
Business Planet travels to the Czech Republic to see how one nanotechnology cluster is helping SMEs scale-up and go international. …
READ MORE : https://www.euronews.com/2019/05/17/the-power-of-business-clusters
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published: 20 May 2019
Business Cluster - Why are companies so close together?
In this video we explore the potential benefits firms get from setting up near to one another.
https://Classroomnation.com
published: 20 Oct 2022
How business clusters are boosting Spain's cleantech startup industry
Business Planet travels to Valencia to see first hand how successful clusters are helping eco-friendly businesses…
READ MORE : http://www.euronews.com/2018/06/15/cluster-spain
What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd
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published: 15 Jun 2018
Why do shops selling similar things cluster?
Istanbul's Grand Bazaar is one of the oldest and biggest markets in the world. Thousands of shops sell similar goods, so how do they survive? We explain with game theory.
published: 27 Jul 2018
The business cluster accelerating innovation
When businesses successfully band together the results can be remarkable. Business Planet speaks to the manager of one business cluster in Romania to find out more about the benefits clustering can bring to firms.
READ MORE : https://www.euronews.com/2021/03/12/meet-the-business-cluster-fighting-the-pandemic-and-spreading-innovation
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published: 12 Mar 2021
Bydgoszcz Industrial Cluster - promotional film
Bydgoszcz Industrial Cluster associates companies of the tool and plastics processing industry and a range of business environment institutions. The cluster’s aim is the integration of processing and tool experts, representing their interests outside the industry and also establishing a network of business connections facilitating the operations of companies, access to human resources, technological development and an increase of production innovation.
Visit our website: http://www.klaster.bydgoszcz.pl/.
published: 27 Aug 2015
Wood Industry Cluster Success Story
Wood Industry Cluster received support for its green initiatives from the European Cluster Collaboration Platform (ECCP). The ‘Towards Green Transition’ Facility is an initiative financed by the European Commission which enables clusters registered at the ECCP to promote green transition skills amongst their members through technical advisory support from highly qualified advisors.
published: 08 Oct 2021
Accelerate Your Business with SUSE
Listen to this session, in which we will discuss and showcase cutting-edge technology that you can immediately employ to effectively manage mixed virtualization and container workloads. That’s not all! We will also explore the versatility of edge devices, which can be found in diverse locations such as space, homes, or shops you visit. We’ll delve into intelligent deployment of container workloads on these devices, including automating the process when a new device is connected.
published: 12 Jul 2024
Small Business Outlook 2015: The Cambridge Cluster
In the first of a four-part video series, Centre for Cities Senior Analyst Naomi Clayton visits Cambridge to find out why the city has such a successful tech cluster.
Centre for Cities' annual Small Business Outlook report looks at how and why the performance of SMEs varies across the 64 largest cities in the UK. This year, the report will focus on businesses in 'new work' industries.
The report will launch on Monday 19 October, register for the event here: http://www.centreforcities.org/event/small-business-outlook-2015-launch/
Centre for Cities would like to thank Zurich Insurance plc for their support of Small Business Outlook 2015.
What is a cluster? Find out in 1 minute with this quick explainer video.
Visit www.northernadelaideplains.com.au for more information about the Northern Adelai...
What is a cluster? Find out in 1 minute with this quick explainer video.
Visit www.northernadelaideplains.com.au for more information about the Northern Adelaide Plains.
What is a cluster? Find out in 1 minute with this quick explainer video.
Visit www.northernadelaideplains.com.au for more information about the Northern Adelaide Plains.
Business Planet travels to the Czech Republic to see how one nanotechnology cluster is helping SMEs scale-up and go international. …
READ MORE : https://www.eur...
Business Planet travels to the Czech Republic to see how one nanotechnology cluster is helping SMEs scale-up and go international. …
READ MORE : https://www.euronews.com/2019/05/17/the-power-of-business-clusters
What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd
euronews: the most watched news channel in Europe
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Business Planet travels to the Czech Republic to see how one nanotechnology cluster is helping SMEs scale-up and go international. …
READ MORE : https://www.euronews.com/2019/05/17/the-power-of-business-clusters
What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd
euronews: the most watched news channel in Europe
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Business Planet travels to Valencia to see first hand how successful clusters are helping eco-friendly businesses…
READ MORE : http://www.euronews.com/2018/06/1...
Business Planet travels to Valencia to see first hand how successful clusters are helping eco-friendly businesses…
READ MORE : http://www.euronews.com/2018/06/15/cluster-spain
What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd
euronews: the most watched news channel in Europe
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Business Planet travels to Valencia to see first hand how successful clusters are helping eco-friendly businesses…
READ MORE : http://www.euronews.com/2018/06/15/cluster-spain
What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd
euronews: the most watched news channel in Europe
Subscribe! http://www.youtube.com/subscription_center?add_user=euronews
euronews is available in 13 languages: https://www.youtube.com/user/euronewsnetwork/channels
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Istanbul's Grand Bazaar is one of the oldest and biggest markets in the world. Thousands of shops sell similar goods, so how do they survive? We explain with ga...
Istanbul's Grand Bazaar is one of the oldest and biggest markets in the world. Thousands of shops sell similar goods, so how do they survive? We explain with game theory.
Istanbul's Grand Bazaar is one of the oldest and biggest markets in the world. Thousands of shops sell similar goods, so how do they survive? We explain with game theory.
When businesses successfully band together the results can be remarkable. Business Planet speaks to the manager of one business cluster in Romania to find out m...
When businesses successfully band together the results can be remarkable. Business Planet speaks to the manager of one business cluster in Romania to find out more about the benefits clustering can bring to firms.
READ MORE : https://www.euronews.com/2021/03/12/meet-the-business-cluster-fighting-the-pandemic-and-spreading-innovation
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#Businessplanet
When businesses successfully band together the results can be remarkable. Business Planet speaks to the manager of one business cluster in Romania to find out more about the benefits clustering can bring to firms.
READ MORE : https://www.euronews.com/2021/03/12/meet-the-business-cluster-fighting-the-pandemic-and-spreading-innovation
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#Businessplanet
Bydgoszcz Industrial Cluster associates companies of the tool and plastics processing industry and a range of business environment institutions. The cluster’s a...
Bydgoszcz Industrial Cluster associates companies of the tool and plastics processing industry and a range of business environment institutions. The cluster’s aim is the integration of processing and tool experts, representing their interests outside the industry and also establishing a network of business connections facilitating the operations of companies, access to human resources, technological development and an increase of production innovation.
Visit our website: http://www.klaster.bydgoszcz.pl/.
Bydgoszcz Industrial Cluster associates companies of the tool and plastics processing industry and a range of business environment institutions. The cluster’s aim is the integration of processing and tool experts, representing their interests outside the industry and also establishing a network of business connections facilitating the operations of companies, access to human resources, technological development and an increase of production innovation.
Visit our website: http://www.klaster.bydgoszcz.pl/.
Wood Industry Cluster received support for its green initiatives from the European Cluster Collaboration Platform (ECCP). The ‘Towards Green Transition’ Facilit...
Wood Industry Cluster received support for its green initiatives from the European Cluster Collaboration Platform (ECCP). The ‘Towards Green Transition’ Facility is an initiative financed by the European Commission which enables clusters registered at the ECCP to promote green transition skills amongst their members through technical advisory support from highly qualified advisors.
Wood Industry Cluster received support for its green initiatives from the European Cluster Collaboration Platform (ECCP). The ‘Towards Green Transition’ Facility is an initiative financed by the European Commission which enables clusters registered at the ECCP to promote green transition skills amongst their members through technical advisory support from highly qualified advisors.
Listen to this session, in which we will discuss and showcase cutting-edge technology that you can immediately employ to effectively manage mixed virtualization...
Listen to this session, in which we will discuss and showcase cutting-edge technology that you can immediately employ to effectively manage mixed virtualization and container workloads. That’s not all! We will also explore the versatility of edge devices, which can be found in diverse locations such as space, homes, or shops you visit. We’ll delve into intelligent deployment of container workloads on these devices, including automating the process when a new device is connected.
Listen to this session, in which we will discuss and showcase cutting-edge technology that you can immediately employ to effectively manage mixed virtualization and container workloads. That’s not all! We will also explore the versatility of edge devices, which can be found in diverse locations such as space, homes, or shops you visit. We’ll delve into intelligent deployment of container workloads on these devices, including automating the process when a new device is connected.
In the first of a four-part video series, Centre for Cities Senior Analyst Naomi Clayton visits Cambridge to find out why the city has such a successful tech cl...
In the first of a four-part video series, Centre for Cities Senior Analyst Naomi Clayton visits Cambridge to find out why the city has such a successful tech cluster.
Centre for Cities' annual Small Business Outlook report looks at how and why the performance of SMEs varies across the 64 largest cities in the UK. This year, the report will focus on businesses in 'new work' industries.
The report will launch on Monday 19 October, register for the event here: http://www.centreforcities.org/event/small-business-outlook-2015-launch/
Centre for Cities would like to thank Zurich Insurance plc for their support of Small Business Outlook 2015.
In the first of a four-part video series, Centre for Cities Senior Analyst Naomi Clayton visits Cambridge to find out why the city has such a successful tech cluster.
Centre for Cities' annual Small Business Outlook report looks at how and why the performance of SMEs varies across the 64 largest cities in the UK. This year, the report will focus on businesses in 'new work' industries.
The report will launch on Monday 19 October, register for the event here: http://www.centreforcities.org/event/small-business-outlook-2015-launch/
Centre for Cities would like to thank Zurich Insurance plc for their support of Small Business Outlook 2015.
What is a cluster? Find out in 1 minute with this quick explainer video.
Visit www.northernadelaideplains.com.au for more information about the Northern Adelaide Plains.
Business Planet travels to the Czech Republic to see how one nanotechnology cluster is helping SMEs scale-up and go international. …
READ MORE : https://www.euronews.com/2019/05/17/the-power-of-business-clusters
What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd
euronews: the most watched news channel in Europe
Subscribe! http://www.youtube.com/subscription_center?add_user=euronews
euronews is available in 13 languages: https://www.youtube.com/user/euronewsnetwork/channels
In English:
Website: http://www.euronews.com/news
Facebook: https://www.facebook.com/euronews
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VKontakte: http://vk.com/en.euronews
Business Planet travels to Valencia to see first hand how successful clusters are helping eco-friendly businesses…
READ MORE : http://www.euronews.com/2018/06/15/cluster-spain
What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd
euronews: the most watched news channel in Europe
Subscribe! http://www.youtube.com/subscription_center?add_user=euronews
euronews is available in 13 languages: https://www.youtube.com/user/euronewsnetwork/channels
In English:
Website: http://www.euronews.com/news
Facebook: https://www.facebook.com/euronews
Twitter: http://twitter.com/euronews
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Istanbul's Grand Bazaar is one of the oldest and biggest markets in the world. Thousands of shops sell similar goods, so how do they survive? We explain with game theory.
When businesses successfully band together the results can be remarkable. Business Planet speaks to the manager of one business cluster in Romania to find out more about the benefits clustering can bring to firms.
READ MORE : https://www.euronews.com/2021/03/12/meet-the-business-cluster-fighting-the-pandemic-and-spreading-innovation
Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live
Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Living: http://bit.ly/2sMsaDB
Knowledge: https://www.youtube.com/c/euronewsknowledge?sub_confirmation=1
Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels
#Businessplanet
Bydgoszcz Industrial Cluster associates companies of the tool and plastics processing industry and a range of business environment institutions. The cluster’s aim is the integration of processing and tool experts, representing their interests outside the industry and also establishing a network of business connections facilitating the operations of companies, access to human resources, technological development and an increase of production innovation.
Visit our website: http://www.klaster.bydgoszcz.pl/.
Wood Industry Cluster received support for its green initiatives from the European Cluster Collaboration Platform (ECCP). The ‘Towards Green Transition’ Facility is an initiative financed by the European Commission which enables clusters registered at the ECCP to promote green transition skills amongst their members through technical advisory support from highly qualified advisors.
Listen to this session, in which we will discuss and showcase cutting-edge technology that you can immediately employ to effectively manage mixed virtualization and container workloads. That’s not all! We will also explore the versatility of edge devices, which can be found in diverse locations such as space, homes, or shops you visit. We’ll delve into intelligent deployment of container workloads on these devices, including automating the process when a new device is connected.
In the first of a four-part video series, Centre for Cities Senior Analyst Naomi Clayton visits Cambridge to find out why the city has such a successful tech cluster.
Centre for Cities' annual Small Business Outlook report looks at how and why the performance of SMEs varies across the 64 largest cities in the UK. This year, the report will focus on businesses in 'new work' industries.
The report will launch on Monday 19 October, register for the event here: http://www.centreforcities.org/event/small-business-outlook-2015-launch/
Centre for Cities would like to thank Zurich Insurance plc for their support of Small Business Outlook 2015.
A business cluster is a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field. Clusters are considered to increase the productivity with which companies can compete, nationally and globally. In urban studies, the term agglomeration is used. Clusters are also very important aspects of strategic management.
Concept
The term business cluster, also known as an industry cluster, competitive cluster, or Porterian cluster, was introduced and popularized by Michael Porter in The Competitive Advantage of Nations (1990). The importance of economic geography, or more correctly geographical economics, was also brought to attention by Paul Krugman in Geography and Trade (1991).Cluster development has since become a focus for many government programs. The underlying concept, which economists have referred to as agglomeration economies, dates back to 1890, and the work of Alfred Marshall.
Michael Porter claims that clusters have the potential to affect competition in three ways: by increasing the productivity of the companies in the cluster, by driving innovation in the field, and by stimulating new businesses in the field. According to Porter, in the modern global economy, comparative advantage—how certain locations have special endowments (i.e., harbor, cheap labor) to overcome heavy input costs—is less relevant. Now, competitive advantage—how companies make productive use of inputs, requiring continual innovation—is more important. Porter argues that economic activities are embedded in social activities; that 'social glue binds clusters together'. This is supported by recent research showing that particularly in regional and rural areas, significantly more innovation takes place in communities which have stronger inter-personal networks.
This is despite the region being a global hotspot for life sciences innovation, and ranking third in Savills’ global index of top 30 life sciences clusters ... 240 businesses in the region claimed Patent ...
However, once the Marvels settled, they hit their stride ... It was a busy afternoon at The Gannock, with the Yorkshire WoldsWarriors - Malton & Norton’s girls’ cluster teams featuring players from Scarborough and Driffield- also in action ... .
In addition to spending time working within clinical areas, Rising StarYouthVolunteers will learn about the variety of positions found in BeaufortMemorial’s five career clusters.
The availability of Nutanix Cloud Clusters on Microsoft Azure in Qatar marks an important milestone for businesses seeking to modernize their IT infrastructure and embark on a secure and efficient digital transformation journey.
... stating that “evaluation should be based not on expected business turnover, but on serving these community clusters and residents facing difficulties, regardless of population size”.
The development is intended to build on Doncaster’s ambitions to grow a digital and tech cluster of national significance. Creation of a specialist digital tech hub and the businesses located there ...
GlowHost is a dedicated server hosting provider that specializes in extremely reliable, affordable dedicated servers and high availability server clusters for business ... GlowHost has been in the hosting business since 2002.
... workers at risk of redundancy and I commit to exploring with the business all routes to mitigate against any further loss of industrial activity and employment across the industrial cluster.”.
The Ministry of Industry, Trade and Supply has launched a national strategy for the leather and textiles sector and is developing a specialised industrial cluster to address raw material scarcity and strengthen the value chain. Image. ... Business... JT ... .
Non-interest revenue saw growth of 6%, reinforcing the strength of the Group’s underlying business and diversified income streams ...BusinessUnitPerformance. Product Solutions Cluster (PSC) headline earnings increased 38% to R3.3 billion.
"Intense competitions in the domestic market and ongoing trade conflicts have posed great challenges for businesses ... consisting of "government planning + industrial clusters + green financial tools."
As part of the city’s plans to become a top destination for sports and entertainment events, the city aims to attract top businesses from these industries to a new business cluster.
Dubai on Tuesday announced a new free zone cluster dedicated to sports and entertainment ... business activities. ISEZA is a first-of-a-kind industry-dedicated free zone cluster in the UAE and globally.
ISEZA is envisioned as a dedicated Free Zone cluster focusing exclusively on the sports and entertainment sectors. It aims to facilitate business licensing and foster a collaborative environment to accelerate industry growth.