Business clusters Business clusters Institute of Humanities, Social Sciences and Technologies

Business clustersBusiness clustersInstitute of Humanities, Social Sciences

and Technologies

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Business clustersBusiness clusters

Definition of clustersScientific discovery in business

clustersAssociationsComponentsHow to use it?Pros and cons

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Business clustersBusiness clusters

A business cluster is a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field. 

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Main economy aimsMain economy aims

raise the profit

minimize the costs

increase the profitability 4

1

2

3 allocate resources

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ComparisonComparison

Similar to: Differs from:

economic stagnation

regress

• standstill of economic growth of humanity

• transformation from high developing stage to lower

• discovery of new continents, countries, places, areas, etc

geographical discovery

multicultural discovery

Scientific discovery in business clusters

• discovery of cultures, tribes, habits, customs, languages, etc

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Associations Associations

Innovations Research Business, universities,government Science Development Progress Evolution Investment Production Economy

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ComponentsComponents

Enroll the product

Searching for production facilities, investors, target audience

Idea testing

Idea generation

Market research

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How to use it?How to use it?

Business clusters

External

• increasing of countries or companies

competitiveness

• putting country or company on new level

of development

• collaboration with other countries in order to overcome

economic crises and negative tendencies

Internal

• acceleration of country progress

• increasing the teenagers interest in

countries development

• using of all country’s resources and

economic potential

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Pros and consPros and cons

Pros Cons

• increasing the income, trade

• modernization• improve the production

cycle to raise the profitability

• high investment risk• brain-drain• specialties of national

mentality• incomplete legislative

system

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ConclusionConclusion

An economist is an expert who

will know tomorrow why the

things he predicted yesterday

didn't happen today…

Thank You!Thank You!