business clusters

business clusters

a system of market and non-market links between geographically concentrated companies and institutions. The links enable cooperation among suppliers and competitors on business processes, purchasing, investments and technical research.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
"During the quarter, all our business clusters have reported robust performance despite sectoral challenges," said CEO and Managing Director Praveer Sinha.
The initiative of the Ministry of Economy and BSMEPA to set up an export incubator, together with Sofia Tech Park, Association of Business Clusters, Bulgarian Export Insurance Agency and University of finance, business and entrepreneurship, was also discussed.
Dubai Holding will continue to reinforce its successful strategy of investing in innovation, knowledge, technology, content and business clusters to support Dubai's efforts in setting up advanced infrastructure, which in turn will attract top global talent."
Business clusters were first popularized in Micheal Porter's book, The Competitive Advantage of Nations.
"It makes sense to have these sports business clusters here as we have excellent sports facilities in the form of the University of Limerick.
"It is essential Solihull works closely with Birmingham and the major educational institutions and universities in the city to ensure the right supply of skills and labour they require to further its business clusters and create employment and investment opportunity.
Ian Jenkinson Director of the School of Engineering Technology and Maritime at LJMU emphasised the importance of business clusters in economic development.
More schemes are expected to follow for female youth entrepreneurship, small and medium sized businesses of the wine sector, manufacturing and services, processing and marketing of agricultural products and business clusters.
I understand local authorities need to develop their own business in terms of council tax revenue but losing the airport will further isolate the area and its potential for attracting new business clusters.
The Confederation of Tunisian Citizen Enterprises (CONECT) is holding from November 27 to 29 November, 2013 in Gammarth, Tunisia, the Business Road Show, an event for business clusters and networks support.
This trend will eventually lead to further segmentation of cities by business clusters.
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