Business clusters literature review
Skip to search form Skip to main content You are currently offline. Some features of the site may not work correctly. Kuah Published This paper seeks to review the state of knowledge to this much talked-about paradigm, first made famous by Porter Nonetheless, this phenomenon is not exactly new and has been the object of attention from a wide variety of social scientists for much of this century. Save to Library.
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What Are Clusters?
Business cluster - Wikipedia
Paradoxically, the enduring competitive advantages in a global economy lie increasingly in local things—knowledge, relationships, and motivation that distant rivals cannot match. Now that companies can source capital, goods, information, and technology from around the world, often with the click of a mouse, much of the conventional wisdom about how companies and nations compete needs to be overhauled. In theory, more open global markets and faster transportation and communication should diminish the role of location in competition. After all, anything that can be efficiently sourced from a distance through global markets and corporate networks is available to any company and therefore is essentially nullified as a source of competitive advantage. But if location matters less, why, then, is it true that the odds of finding a world-class mutual-fund company in Boston are much higher than in most any other place? Why could the same be said of textile-related companies in North Carolina and South Carolina, of high-performance auto companies in southern Germany, or of fashion shoe companies in northern Italy?
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Frameworks & Key Concepts
Purpose: The purpose of this article is to characterize the process of knowledge management in business clusters in terms of the benefi ts for the cluster members. The paper examines which mechanisms within the clusters promote knowledge creation between companies and other institutions. Findings: The literature presented in this paper shows that network forms of organization such as clusters are conducive to inter-fi rm knowledge and skill development.
To browse Academia. Skip to main content. Log In Sign Up. Download Free PDF. Creating competitive advantage in developing countries through business clusters: A literature review
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