Success Factors of Economic Clusters

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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...
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 within that decide the outcome?

  Digitol Onyango Okech
Accountant, Kenya
 

Success Factors of Economic Clusters

Above all is the aspect of having a clear mission, (...)

  Edith Ohri
 

Why do Clusters Fail? Because they miss the Interdependencies

Too many assumption get into the models that creat (...)

  Marais
Student (MBA), United Kingdom
 

Success Factors of Economic Clusters

A combination of factors is certainly the reason w (...)

  Timmy Baksh
Analyst, Trinidad and Tobago
 

Success Factors of Economic Clusters

Quite right... There must be a combination of fact (...)

  Augusto Carreira
Partner, Portugal
 

Interdependencies of Success Factors for Economic Clusters

@Edith Ohri: you are right. However, the orthogona (...)

  Jaap de Jonge
Editor, Netherlands
 

Sölvell's Cluster Initiative Performance Model (CIPM)

According to Sölvell (Sölvell, Ö., Lindqvist, G. a (...)

  Steve Neighbors
Strategy Consultant, United States
 

Success Factors of Economic Clusters

A business entity rises or fails based on the mana (...)

  Juan Manuel Matallana
Student (MBA)
 

Success of Clusters in BRICS countries

I'd like to ask the following question about clust (...)

  Leodegardo M. Pruna
Professor, Philippines
 

Competition Inside Economic Clusters

There's always a competitive factor between partci (...)

  May Koo Tui Moi
 

The Importance of Goal Dynamics in Clusters

Your goals are your motivation factor. - Always r (...)

  M. Srivastava
Project Manager, India
 

The Transition from Big Fish --> Fast Fish

@May Koo Tui Moi: In the current transition period (...)

  R Rengarajan
 

Cluster Success Factors: Mutual Trust Between Members

Another essential factor for success of any econom (...)

  Vishal Acharya
Consultant, India
 

Why Clusters Fail in Problematic Regions of the World

@Marais: The clusters with the prime need for deve (...)

  VENKATESH
Manager, India
 

Cluster Success Factors: Regulation

Marais said rightly that regulation does play a im (...)

  Edith Ohri
 

Why do Clusters Fail? Because they Miss the Interdependencies

@Augusto Carreira: Of course I agree with the math (...)

  Marais
Student (MBA), United Kingdom
 

Establishing a Cluster versus Continued Operation of Cluster

@Vishal Acharya : The reasons or incentives for es (...)

  SAMUEL NDUATI MBUGUA
Management Consultant, Kenya
 

2 More Requirements for Success of Economic Clusters

Success with economic clusters can also not be ach (...)

  Jaap de Jonge
Editor, Netherlands
 

Why Clusters are Hard to Accomplish in Poor Economies

@Vishal Acharya: as far as poor / developing econo (...)

  Leodegardo M. Pruna
Professor, Philippines
 

Success Factors in Economic Clustering

@Juan Manuel Matallana: initially BRICS may show s (...)

  Kari MIkkela
Director, Finland
 

Case Study: Factors behind the Success of the Finnish Telecom Cluster

My team did the Finnish telecom cluster study in 1 (...)

  Pratik
Manager, India
 

Main Reason for Cluster Failure: Member Selfishness

I agree with @Leodegardo M. Pruna, most clusters f (...)

  Jonathan Ekambi
Strategy Consultant, Kenya
 

Reasons for Cluster Failure in Developing World

In the developing world, the failure of clusters i (...)

  Jose M. Checo
Project Manager, Dominican Republic
 

The Importance of Trust in Clusters

@Digitol Onyango Okech: the level of trust is a ke (...)

  David Geraghty
Business Consultant, United States
 

Clusters, Proximity, Resources and Value Transfer

The greatest margins can be had through strategic (...)

  Francisco Corma Canos
Consultant, Spain
 

Cluster Case: Teachings of Experience

I´m working in one specific cluster: ceramic clust (...)

  Zacharia Marimo
HR Consultant, Zimbabwe
 

Why some clusters fare better than others

The reasons vary. However, as alluded by colleague (...)

  Tafadzwa Gabaza
 

Why some Clusters Yield Better Results than Others? Information Sharing

The major reason is the degree to which the player (...)

  Belay Gezahegn
Director, Ethiopia
 

Why Some Clusters Succeed and Others Fail? Porter's View

According to Michael E. Porter there are four attr (...)

  Angel Arbonies
Business Consultant, Spain
 

Cluster Success Factors

In my view, factors for the success of clusters ar (...)

  R Rengarajan
 

Cluster Success Factors

For certain economic clusters in some strategic se (...)

  Augusto Carreira
Partner, Portugal
 

Why Some Clusters Succeed and Others Fail

@Edith Ohri: Hi Edith, I don't know if you are fam (...)

  Anand H
 

Clusters Performance Analysis

It's worthwhile to study and analyze clusters with (...)

  Jagdish B Acharya
Consultant, India
 

Dynamics of Success Factors of Clusters

The clusters also follow life model and success fa (...)

  Makhosana Siphengane
CEO
 

Success Factors of Economic Clusters

Our sincere gratitude and appreciation for an exce (...)

  M.B. Mphahlele
Consultant, South Africa
 

Success Factors in Economic Clustering: Social Capital, Common Vision

The industrial clustering is fundamentally Marshal (...)

  Makhosana Siphengane
CEO
 

Cluster Formation in South Africa

@Juan Manuel Matallana: the formation of the fast (...)

  Oscar Haupt
Strategy Consultant, Mexico
 

Clusters in Baja California

In Baja California, 10 years ago the local governm (...)

  Y Srinivas rao
Manager, India
 

Economic Clusters in Surat

It is the human endeavour which plays vital role. (...)

  Makhosana Siphengane
CEO
 

Models for Successful Economic Clusters

@Editor: my greatest gratitude to our honorable ed (...)

  KATHRYN PAWLEY STEINER
 

Clusters Must Incorporate both Public and Private Sectors

This is an interesting subject I would like to lea (...)

  Francisco Corma Canos
Consultant, Spain
 

The People Influence on Cluster Formation

@Y Srinivas Rao: OK, always people are the engine, (...)

  Jagdish B Acharya
Consultant, India
 

Catalysts (Sectors) and Success Factors (Prime Movers) of Clusters

@Makhosana Siphengane: The four sectors described (...)

  Hector Soto
 

The Right Cluster Spirit for Success

In addition, some clusters are more successful tha (...)

  Marcelino Pandin
Teacher, Indonesia
 

Success Factors of Economic Clusters

Market. Market. Market. Nothing else for the pull (...)

  Leodegardo M. Pruna
Professor, Philippines
 

Sharing in Economic Clusters

@Tafadzwa Gabaza On top of information sharing, wh (...)

  KATHRYN STEINER, MBA
Entrepreneur, United States
 

Lack of Opportunity may Invite new Cluster Formation

Uncertain economies may invite the arrival of clus (...)

  Belay Gezahegn
Director, Ethiopia
 

Comparative Advantage versus Competitive Advantage

@Kathryn Pawley Steiner: A nation's competitive ad (...)

  Leodegardo M. Pruna
Professor, Philippines
 

Comparative Advantage versus Competitive Advantage

@Belay Gezahegn: while one who engages in a battle (...)

  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 psych (...)

  Ravi Java
Manager, India
 

Clusters are Symbiotic Entities

I agree clusters which succeed are in fact like a (...)

  Edith Ohri
Entrepreneur, Israel
 

Interdependencies

@Augusto Carreira: About the statistics law which (...)

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