Success Factors of Economic Clusters

      
			              Best Practices
			            
							              40

		            		Vishal Acharya
Consultant, India
			            
Success Factors of Economic Clusters

	          		Economic clusters are geographic concentrations of interconnected companies, specialized suppliers, service providers, and associated institutions in a particular field that are present in a nation or region...
Developing and strengthening of clusters is an important agenda for governments, companies, and other institutions.
But why do some clusters fare better than others?

Why do some clusters fail to perform to their full potential or to achieve the desired results, whereas similar ones or even ones with lesser resources perform better?

I wonder what are the most important success factors for clusters? Is it the natural endowments, infrastructure, finance, human capital, cultural capital, knowledge or the combination of one or more.

Is it the intervention from outside or the resources within that decide the outcome?
				      
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										              6

						            	Digitol Onyango Okech
Accountant, Kenya
												
				                Success Factors of Economic Clusters

													Above all is the aspect of having a clear mission, vision and objectives and dedicating resources to...
				              
										              3

						            	Edith Ohri, Israel
												
				                Why do Clusters Fail? Because they miss the Interdependencies

													Too many assumption get into the models that create these failing clusters, and too little yield of ...
				              
										              3

						            	Marais
Student (MBA), United Kingdom
												
				                Success Factors of Economic Clusters

													A combination of factors is certainly the reason why some clusters perform better than others. Two a...
				              
										              10

						            	Timmy Baksh
Analyst, Trinidad and Tobago
												
				                Success Factors of Economic Clusters

													Quite right... There must be a combination of factors which will contribute to the success of cluste...
				              
										              2

						            	Augusto Carreira
Partner, Portugal
												
				                Interdependencies of Success Factors for Economic Clusters

													@Edith Ohri: you are right. However, the orthogonality of the variables doesn't mean lack of interde...
				              
										              16

						            	Jaap de Jonge
Editor, Netherlands
												
				                Sölvell's Cluster Initiative Performance Model (CIPM)

													According to Sölvell (Sölvell, Ö., Lindqvist, G. and Ketels, C., The Cluster Initiative Greenbook, S...
				              
										              8

						            	Steve Neighbors
Strategy Consultant, United States
												
				                Success Factors of Economic Clusters

													A business entity rises or fails based on the managed resource of its "C's":
- Capital (financial, ...
				              
										              4

						            	Juan Manuel Matallana
Student (MBA)
												
				                Success of Clusters in BRICS countries

													I'd like to ask the following question about cluster formation at the BRICS countries (Editor: Brazi...
				              
										              2

						            	Leodegardo M. Pruna
Professor, Philippines
												
				                Competition Inside Economic Clusters

													There's always a competitive factor between partcipants whenever clustering efforts are initiated.
...
				              
										              3

						            	May Koo Tui Moi, Malaysia
												
				                The Importance of Goal Dynamics in Clusters

													Your goals are your motivation factor.
- Always remind yourself of your goals and dreams
- Keep yo...
				              
										              2

						            	M. Srivastava
Project Manager, India
												
				                The Transition from Big Fish --> Fast Fish

													@May Koo Tui Moi: In the current transition period situations vary country-wise and product-wise. Th...
				              
										              0

						            	R Rengarajan, India
												
				                Cluster Success Factors: Mutual Trust Between Members

													Another essential factor for success of any economic cluster is the mutual trust between the cluster...
				              
										              3

						            	Vishal Acharya
Consultant, India
												
				                Why Clusters Fail in Problematic Regions of the World

													@Marais: The clusters with the prime need for development are the deprived ones where there is a hug...
				              
										              1

						            	VENKATESH
Manager, India
												
				                Cluster Success Factors: Regulation

													Marais said rightly that regulation does play a important role in the success of clusters. In that h...
				              
										              1

						            	Edith Ohri, Israel
												
				                Why do Clusters Fail? Because they Miss the Interdependencies

													@Augusto Carreira: Of course I agree with the mathematical orthogonal expressions, but what to do if...
				              
										              -1

						            	Marais
Student (MBA), United Kingdom
												
				                Establishing a Cluster versus Continued Operation of Cluster

													@Vishal Acharya : The reasons or incentives for establishment of a cluster is as you suggest and I a...
				              
										              0

						            	SAMUEL NDUATI MBUGUA
Management Consultant, Kenya
												
				                2 More Requirements for Success of Economic Clusters

													Success with economic clusters can also not be achieved unless there is a good, stable political cli...
				              
										              6

						            	Jaap de Jonge
Editor, Netherlands
												
				                Why Clusters are Hard to Accomplish in Poor Economies

													@Vishal Acharya: as far as poor / developing economies are concerned, I believe you hit the nail on ...
				              
										              0

						            	Leodegardo M. Pruna
Professor, Philippines
												
				                Success Factors in Economic Clustering

													@Juan Manuel Matallana: initially BRICS may show signs of success. But I am afraid that in the long-...
				              
										              4

						            	Kari MIkkela
Director, Finland
												
				                Case Study: Factors behind the Success of the Finnish Telecom Cluster

													My team did the Finnish telecom cluster study in 1993. Nokia was a small but fast growing (60% /year...
				              
										              2

						            	Pratik
Manager, India
												
				                Main Reason for Cluster Failure: Member Selfishness

													I agree with @Leodegardo M. Pruna, most clusters fail because of the following reason stated by one ...
				              
										              2

						            	Jonathan Ekambi
Strategy Consultant, Kenya
												
				                Reasons for Cluster Failure in Developing World

													In the developing world, the failure of clusters is due to:
1) Lack of goodwill on the part of poli...
				              
										              4

						            	Jose M. Checo
Project Manager, Dominican Republic
												
				                The Importance of Trust in Clusters

													@Digitol Onyango Okech: the level of trust is a key factor of success, especially in horizontal clus...
				              
										              0

						            	David Geraghty
Business Consultant, United States
												
				                Clusters, Proximity, Resources and Value Transfer

													The greatest margins can be had through strategic clusters of industry specific producers, suppliers...
				              
										              0

						            	Francisco Corma Canos
Consultant, Spain
												
				                Cluster Case: Teachings of Experience

													I´m working in one specific cluster: ceramic cluster at Castellón - Spain with a large tradition on ...
				              
										              1

						            	Zacharia Marimo
HR Consultant, Zimbabwe
												
				                Why some clusters fare better than others

													The reasons vary. However, as alluded by colleagues earlier on, the number 1 factor is leadership's ...
				              
										              2

						            	Tafadzwa Gabaza, Zimbabwe
												
				                Why some Clusters Yield Better Results than Others? Information Sharing

													The major reason is the degree to which the players in these clusters share information on costs, va...
				              
										              2

						            	Belay Gezahegn
Director, Ethiopia
												
				                Why Some Clusters Succeed and Others Fail? Porter's View

													According to Michael E. Porter there are four attributes that determine the success of clusters or a...
				              
										              0

						            	Angel Arbonies
Business Consultant, Spain
												
				                Cluster Success Factors

													In my view, factors for the success of clusters are:
- Cluster structure and governance - not domin...
				              
										              2

						            	R Rengarajan, India
												
				                Cluster Success Factors

													For certain economic clusters in some strategic sectors there can be special government grants which...
				              
										              2

						            	Augusto Carreira
Partner, Portugal
												
				                Why Some Clusters Succeed and Others Fail

													@Edith Ohri: Hi Edith, I don't know if you are familiar with the subject of System Dynamics. It is a...
				              
										              2

						            	Anand H

				                Clusters Performance Analysis

													It's worthwhile to study and analyze clusters with limited resources and at strategic odds, which an...
				              
										              4

						            	Jagdish B Acharya
Consultant, India
												
				                Dynamics of Success Factors of Clusters

													The clusters also follow life model and success factors change depending on its stage of development...
				              
										              0

						            	Makhosana Siphengane, South Africa
												
				                Success Factors of Economic Clusters

													Our sincere gratitude and appreciation for an excellent contribution on success factors of economic ...
				              
										              2

						            	M.B. Mphahlele
Consultant, South Africa
												
				                Success Factors in Economic Clustering: Social Capital, Common Vision

													The industrial clustering is fundamentally Marshallian. Alfred Marshall based his thinking on the te...
				              
										              2

						            	Makhosana Siphengane, South Africa
												
				                Cluster Formation in South Africa

													@Juan Manuel Matallana: the formation of the fast emerging economic block BRICS is primarily based o...
				              
										              0

						            	Oscar Haupt
Strategy Consultant, Mexico
												
				                Clusters in Baja California

													In Baja California, 10 years ago the local government spearheaded an initiative to create economic c...
				              
										              2

						            	Y Srinivas rao
Manager, India
												
				                Economic Clusters in Surat

													It is the human endeavour which plays vital role. The cluster develops on it's own in spite of poor ...
				              
										              7

						            	Makhosana Siphengane, South Africa
												
				                Models for Successful Economic Clusters

													@Editor: my greatest gratitude to our honorable editor for his excellent CIPM Model contribution to ...
				              
										              2

						            	KATHRYN PAWLEY STEINER, USA
												
				                Clusters Must Incorporate both Public and Private Sectors

													This is an interesting subject I would like to learn more about. Without the private sectors within ...
				              
										              2

						            	Francisco Corma Canos
Consultant, Spain
												
				                The People Influence on Cluster Formation

													@Y Srinivas Rao: OK, always people are the engine, the motor, but other resources are needed like: d...
				              
										              2

						            	Jagdish B Acharya
Consultant, India
												
				                Catalysts (Sectors) and Success Factors (Prime Movers) of Clusters

													@Makhosana Siphengane: The four sectors described in the quadruple helix model play a catalytic role...
				              
										              1

						            	Hector Soto, Mexico
												
				                The Right Cluster Spirit for Success

													In addition, some clusters are more successful than others, because there is the awareness of the gl...
				              
										              -2

						            	Marcelino Pandin
Teacher, Indonesia
												
				                Success Factors of Economic Clusters

													Market. Market. Market. Nothing else for the pull factor of economic clusters, whereas its push fact...
				              
										              0

						            	Leodegardo M. Pruna
Professor, Philippines
												
				                Sharing in Economic Clusters

													@Tafadzwa Gabaza On top of information sharing, whenever those involved in clustering share the same...
				              
										              0

						            	KATHRYN STEINER, MBA
Entrepreneur, United States
												
				                Lack of Opportunity may Invite new Cluster Formation

													Uncertain economies may invite the arrival of clusters. There many be limited regulations that encou...
				              
										              6

						            	Belay Gezahegn
Director, Ethiopia
												
				                Comparative Advantage versus Competitive Advantage

													@Kathryn Pawley Steiner: A nation's competitive advantage is not the availability of resources (comp...
				              
										              0

						            	Leodegardo M. Pruna
Professor, Philippines
												
				                Comparative Advantage versus Competitive Advantage

													@Belay Gezahegn: while one who engages in a battle obviously would want to win, there is always the ...
				              
										              0

						            	Richard-Marc Lacasse
Professor, Canada
												
				                The Cluster Phenomenon is Stimulated by Many Actors, and Results from a Symbiosis Between Factors

													The emergence of a cluster is a cultural and psychological phenomenon as well as an economical and t...
				              
										              3

						            	Ravi Java
Manager, India
												
				                Clusters are Symbiotic Entities

													I agree clusters which succeed are in fact like a living entity where all the stakeholders have a sy...
				              
										              1

						            	Edith Ohri
Entrepreneur, Israel
												
				                Interdependencies

													@Augusto Carreira: About the statistics law which says that non-orthogonal are redundant, it does no...
				              
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