Success Factors of Economic Clusters

Diamond Model and Clusters > Best Practices > Success Factors of Economic Clusters

Success Factors of Economic Clusters
Vishal Acharya, Consultant, India, Member
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...
What makes economic clusters successful?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 with...Sign up

Success Factors of Economic Clusters
Digitol Onyango Okech, Accountant, Kenya, Member
Above all is the aspect of having a clear mission, vision and objectives and dedicating resources towards the attainment of these goals ...Sign up

Why do Clusters Fail? Because they miss the Interdependencies
Edith Ohri
Too many assumption get into the models that create these failing clusters, and too little yield of fresh findings. The riskiest assumption seems to b...Sign up

Success Factors of Economic Clusters
Marais, Student (MBA), United Kingdom, Member
A combination of factors is certainly the reason why some clusters perform better than others. Two aspects I feel should be highlighted however, which...Sign up

Success Factors of Economic Clusters
Timmy Baksh, Analyst, Trinidad and Tobago, Member
Quite right... There must be a combination of factors which will contribute to the success of clusters. There must be a symbiotic and mutually bene...Sign up

Interdependencies of Success Factors for Economic Clusters
Augusto Carreira, Partner, Portugal, Member
@Edith Ohri: you are right. However, the orthogonality of the variables doesn't mean lack of interdependency. On the...Sign up


Success Factors of Economic Clusters
Steve Neighbors, Strategy Consultant, United States, Member
A business entity rises or fails based on the managed resource of its "C's":
- Capital (financial, human, etc)
- Core offerings
- Sign up

Success of Clusters in BRICS countries
Juan Manuel Matallana, Student (MBA), Member
I'd like to ask the following question about cluster formation at the BRICS countries (Editor: Brazil, Russia, India, China and South Africa).
Is...Sign up

Competition Inside Economic Clusters
Leodegardo M. Pruna, Professor, Philippines, Member
There's always a competitive factor between partcipants whenever clustering efforts are initia...Sign up

The Importance of Goal Dynamics in Clusters
May Koo Tui Moi
Your goals are your motivation factor.
- Always remind yourself of your goals and dreams
- Keep your goals with you all the time
...Sign up

The Transition from Big Fish --> Fast Fish
M. Srivastava, Project Manager, India, Member
@May Koo Tui Moi: In the current transition period situations vary country-wise and product-wise. The financial cond...Sign up

Cluster Success Factors: Mutual Trust Between Members
R Rengarajan, Analyst, India, Member
Another essential factor for success of any economic cluster is the mutual trust between the cluster members who usually have there own busines...Sign up

Why Clusters Fail in Problematic Regions of the World
Vishal Acharya, Consultant, India, Member
@Marais: The clusters with the prime need for development are the deprived ones where there is a huge scope as well ...Sign up

Cluster Success Factors: Regulation
VENKATESH, Manager, India, Member
Marais said rightly that regulation does play a important role in the success of clusters. In that how well are the players allowed the freedom to act...Sign up

Why do Clusters Fail? Because they Miss the Interdependencies
Edith Ohri
@Augusto Carreira: Of course I agree with the mathematical orthogonal expressions, but what to do if the interdepend...Sign up

Establishing a Cluster versus Continued Operation of Cluster
Marais, Student (MBA), United Kingdom, Member
@Vishal Acharya : The reasons or incentives for establishment of a cluster is as you suggest and I agree.
The <...Sign up

2 More Requirements for Success of Economic Clusters
SAMUEL NDUATI MBUGUA, Management Consultant, Kenya, Member
Success with economic clusters can also not be achieved unless there is a good, stable political climate and a friendly business operating e...Sign up

Why Clusters are Hard to Accomplish in Poor Economies
Jaap de Jonge, Editor, Netherlands
@Vishal Acharya: as far as poor / developing economies are concerned, I believe you hit the nail on the head with yo...Sign up

Success Factors in Economic Clustering
Leodegardo M. Pruna, Professor, Philippines, Member
@Juan Manuel Matallana: initially BRICS may show signs of success. But I am afraid that in the long-run cultural fac...Sign up

Case Study: Factors behind the Success of the Finnish Telecom Cluster
Kari MIkkela, Director, Finland, Member
My team did the Finnish telecom cluster study in 1993. Nokia was a small but fast growing (60% /year) player and the cluster was emerging. Cluster's s...Sign up

Main Reason for Cluster Failure: Member Selfishness
Pratik, Manager, India, Member
I agree with @Leodegardo M. Pruna, most clusters fail because of the following reason stated by one of my Professors...Sign up

Reasons for Cluster Failure in Developing World
Jonathan Ekambi, Strategy Consultant, Kenya, Member
In the developing world, the failure of clusters is due to:
1) Lack of goodwill on the part of political leaders,
2) Lack of leadership skil...Sign up

The Importance of Trust in Clusters
Jose M. Checo, Project Manager, Dominican Republic, Member
@Digitol Onyango Okech: the level of trust is a key factor of success, especially in horizontal clusters. To be able...Sign up

Clusters, Proximity, Resources and Value Transfer
David Geraghty, Business Consultant, United States, Member
The greatest margins can be had through strategic clusters of industry specific producers, suppliers, and markets. Why?
- The transfer costs of s...Sign up

Cluster Case: Teachings of Experience
Francisco Corma Canos, Consultant, Spain, Member
I´m working in one specific cluster: ceramic cluster at Castellón - Spain with a large tradition on floor and wall ceramic tiles.
In my opinion c...Sign up

Why some clusters fare better than others
Zacharia Marimo, HR Consultant, Zimbabwe, Member
The reasons vary. However, as alluded by colleagues earlier on, the number 1 factor is leadership's ability or failure to use or abuse authority and p...Sign up

Why some Clusters Yield Better Results than Others? Information Sharing
Tafadzwa Gabaza, Strategy Consultant, Member
The major reason is the degree to which the players in these clusters share information on costs, value addition and pricing policies. Clusters...Sign up

Why Some Clusters Succeed and Others Fail? Porter's View
Belay Gezahegn, Director, Ethiopia, Member
According to Michael E. Porter there are four attributes that determine the success of clusters or a firm. These attributes are generic for all firms....Sign up

Cluster Success Factors
Angel Arbonies, Business Consultant, Spain, Member
In my view, factors for the success of clusters are:
- Cluster structure and governance - not domination,
- Cluster initiatives - not lobby ...Sign up

Cluster Success Factors
R Rengarajan, Analyst, India, Member
For certain economic clusters in some strategic sectors there can be special government grants which come without any financial cost which is a...Sign up

Why Some Clusters Succeed and Others Fail
Augusto Carreira, Partner, Portugal, Member
@Edith Ohri: Hi Edith, I don't know if you are familiar with the subject of Sign up

Clusters Performance Analysis
Anand H, Member
It's worthwhile to study and analyze clusters with limited resources and at strategic odds, which anyway do comparatively better than similar clusters...Sign up

Dynamics of Success Factors of Clusters
Jagdish B Acharya, Consultant, India, Premium Member
The clusters also follow life model and success factors change depending on its stage of development.
1. In early stages: Cost and comp...Sign up

Success Factors of Economic Clusters
Makhosana Siphengane, CEO, Member
Our sincere gratitude and appreciation for an excellent contribution on success factors of economic clusters.
Presently the South African governm...Sign up

Success Factors in Economic Clustering: Social Capital, Common Vision
M.B. Mphahlele, Consultant, South Africa, Member
The industrial clustering is fundamentally Marshallian. Alfred Marshall based his thinking on the textile industry in England at the time. The ...Sign up

Cluster Formation in South Africa
Makhosana Siphengane, CEO, Member
@Juan Manuel Matallana: the formation of the fast emerging economic block BRICS is primarily based on their huge pop...Sign up

Clusters in Baja California
Oscar Haupt, Strategy Consultant, Mexico, Member
In Baja California, 10 years ago the local government spearheaded an initiative to create economic clusters around the main economic sectors. These in...Sign up

Economic Clusters in Surat
Y Srinivas rao, Manager, India, Member
It is the human endeavour which plays vital role. The cluster develops on it's own in spite of poor infrastructure, electricity, remoteness etc. The v...Sign up

Models for Successful Economic Clusters
Makhosana Siphengane, CEO, Member
Triple and Quadruple Helix ModelSign up

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 such developed and strong economic nations such as...Sign up

The People Influence on Cluster Formation
Francisco Corma Canos, Consultant, Spain, Member
@Y Srinivas Rao: OK, always people are the engine, the motor, but other resources are needed like: demand (not only ...Sign up

Catalysts (Sectors) and Success Factors (Prime Movers) of Clusters
Jagdish B Acharya, Consultant, India, Premium Member
@Makhosana Siphengane: The four sectors described in the quadruple helix model play a catalytic role using enabli...Sign up

The Right Cluster Spirit for Success
Hector Soto, Director, Mexico, Member
In addition, some clusters are more successful than others, because there is the awareness of the globalizati...Sign up

Success Factors of Economic Clusters
Marcelino Pandin, Teacher, Indonesia, Member
Market. Market. Market. Nothing else for the pull factor of economic clusters, whereas its push factor is mainly determined by intellectual inp...Sign up

Sharing in Economic Clusters
Leodegardo M. Pruna, Professor, Philippines, Member
@Tafadzwa Gabaza On top of information sharing, whenever those involved in clustering share the same vision, discipl...Sign up

Lack of Opportunity may Invite new Cluster Formation
KATHRYN STEINER, MBA, Entrepreneur, United States, Member
Uncertain economies may invite the arrival of clusters. There many be limited regulations that encourage a large influx of human and financial investm...Sign up

Comparative Advantage versus Competitive Advantage
Belay Gezahegn, Director, Ethiopia, Member
@Kathryn Pawley Steiner: A nation's competitive advantage is not the availability of resources (comparative advantag...Sign up

Comparative Advantage versus Competitive Advantage
Leodegardo M. Pruna, Professor, Philippines, Member
@Belay Gezahegn: while one who engages in a battle obviously would want to win, there is always the probability that...Sign up

The Cluster Phenomenon is Stimulated by Many Actors, and Results from a Symbiosis Between Factors
Richard-Marc Lacasse, Professor, Canada, Member
The emergence of a cluster is a cultural and psychological phenomenon as well as an economical and technological event. Our studies underline the impo...Sign up

Clusters are Symbiotic Entities
Ravi Java, Manager, India, Member
I agree clusters which succeed are in fact like a living entity where all the stakeholders have a symbiotic relationship with each other. Clust...Sign up

Edith Ohri, Entrepreneur, Israel, Member
@Augusto Carreira: About the statistics law which says that non-orthogonal are redundant, it does not apply to my mo...Sign up

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