Cluster Theory: Factors that Encourage Competitive Local Firms
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Cluster theory describes factors that influence the competitiveness of a firm within a geographic cluster. These factors include the presence of capable local suppliers, competitive related industries, a context that encourages investment and upgrading, vigorous local competition, demanding local customers, and a local context that supports innovation through resources, infrastructure, and technology. The geographic cluster creates conditions that boost factor inputs, drive innovation, and facilitate the emergence of world-leading industries.
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Cluster Theory: Factors that Encourage Competitive Local Firms
- 2. Drawpacks Business Diagrams Drawpack.com offers these premium Business Diagrams for students and professionals around the globe for their personal use for free. Please enjoy these Business Diagrams. You can send these slides to your personal contacts who might be interested in Business Diagrams. For further information about our service please contact us: [email_address] Please find our membership offer on http:// www.drawpack.com
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- Source: MoT, Marketing and Sales, Calisti, 2001