"Clusters (are) critical masses - in one place - of unusual competitive success in particular fields. (...) Clusters are geographic concentrations of interconnected companies and institutions in a particular field. Clusters encompass an array of linked industries and other entities important to competition".
Can we have some opinions or feedbacks on the above statement?
It is basically similar type of companies coming together showcasing particular product for instance Information Technology, Communications, Medications etc.
ReplyDeleteYes, it is true but not necessarily showcasing. It is a conscious effort to be in one location for ease of governance, infrastructure and proximity to receive raw materials.
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