How can the knowledge on clusters help to understand the phenomenon of innovation?

What are the management implications?


Research Paper (undergraduate), 2013

22 Pages, Grade: 1,7


Excerpt


Content

1. Concentration of innovative companies in particular locations and the need to consider clusters in innovation management

2. Clusters: definition, benefits and threats
2.1 Clusters are geographic concentrations of interconnected organizations in a particular field, strengthen by input, structure and demand factors
2.2 Benefits of clusters: productivity, innovations & development of new ventures
2.3 Threats of clusters for firms: structure, actor behaviour and geography

3. Access to knowledge and speed as key influencing mechanisms explaining innovativeness in clusters
3.1 Clusters give access to accumulated specific knowledge
3.2 Clusters allow to speed up innovation processes

4. Management implications: Selecting the location, active participation through competition and cooperation and cluster promotion
4.1 Strategic choice of location is influenced by firm's size, transaction costs, cluster life cycle, innovative capabilities and barriers
4.2 Active participation in cluster combines mechanisms of competition and cooperation
4.3 Bottom-up cluster promotion ensures sustainable development of regional agglomeration

5. Clusters can be successfully used to foster innovation and sustain the competitive advantage by giving access to specialized resources, labor and knowledge

6. References

Excerpt out of 22 pages

Details

Title
How can the knowledge on clusters help to understand the phenomenon of innovation?
Subtitle
What are the management implications?
College
University of Twente  (School of Management and Governance)
Course
Supply Chain Management and Innovation
Grade
1,7
Authors
Year
2013
Pages
22
Catalog Number
V211100
ISBN (eBook)
9783656391937
ISBN (Book)
9783656392224
File size
569 KB
Language
English
Keywords
innovation, clusters, agglomeration, supply chain management, location, supply chain, geographic concentration, access to knowledge, innovation speed, knowledge, innovation process, strategic choice of location, innovation barriers, innovation capabilities, cluster promotion, specialized resources, labour
Quote paper
Stella Strüfing (Author)Alissa Golomzina (Author)Thomas Walter (Author), 2013, How can the knowledge on clusters help to understand the phenomenon of innovation?, Munich, GRIN Verlag, https://www.grin.com/document/211100

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