Sunday, February 10, 2008

Business cluster

A business cluster is a geographic combination of interconnected businesses, suppliers, and associated institutions in a particular field. Clusters are considered to increase the output with which companies can compete, nationally and globally.

This idea, also known as a spirited cluster, industry cluster or Porter's cluster, was first urbanized by Michael Porter in 1990. Cluster development has since developed into a focus for many government programs. The next development of the concept of interorganizational networks in Germany and practical growth of Clusters in the UK.

0 Comments:

Post a Comment

<< Home