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

What are the management implications?

Business & Finance, Management & Leadership, Management
Cover of the book How can the knowledge on clusters help to understand the phenomenon of innovation? by Stella Strüfing, Alissa Golomzina, Thomas Walter, GRIN Verlag
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Stella Strüfing, Alissa Golomzina, Thomas Walter ISBN: 9783656391937
Publisher: GRIN Verlag Publication: March 15, 2013
Imprint: GRIN Verlag Language: English
Author: Stella Strüfing, Alissa Golomzina, Thomas Walter
ISBN: 9783656391937
Publisher: GRIN Verlag
Publication: March 15, 2013
Imprint: GRIN Verlag
Language: English

Research Paper (undergraduate) from the year 2013 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7, University of Twente (School of Management and Governance), course: Supply Chain Management and Innovation, language: English, abstract: Concentration of innovative companies in particular locations and the need to consider clusters in innovation management: In the current business environment it is remarkable that innovative companies are often concentrated in specific regions. This is true for many industries, however, the probable best known example for such a phenomenon where innovative firms settle close by another is the Silicon Valley. Nevertheless, this is not simply an agglomeration but due to network aspects taking place it is forming a cluster, coming along with several benefits. These benefits of clusters enhance the firm's productivity and the firm's innovation performance, and should therefore be considered in several decision-making processes such as the location choice, innovation output, access to labour and resources. Considering innovation benefits and their underlying mechanism is particularly important because the technological development cycles and time to market period are becoming increasingly shorter. Respecting the similarities, subsidiaries and interconnectedness inherent in clusters and using them to increase the innovative output to generate a competitive advantage over isolated firms is essential for staying at the top of the market. Understanding the location advantage cluster exhibit is therefore a competitive advantage that will affect a firm and their innovative output. This paper elaborate the influence of clusters on innovation by explaining clusters in general and in particular concerning innovation benefits and their underlying mechanism and showing how managers can possibly benefit from cluster innovative opportunities.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Research Paper (undergraduate) from the year 2013 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7, University of Twente (School of Management and Governance), course: Supply Chain Management and Innovation, language: English, abstract: Concentration of innovative companies in particular locations and the need to consider clusters in innovation management: In the current business environment it is remarkable that innovative companies are often concentrated in specific regions. This is true for many industries, however, the probable best known example for such a phenomenon where innovative firms settle close by another is the Silicon Valley. Nevertheless, this is not simply an agglomeration but due to network aspects taking place it is forming a cluster, coming along with several benefits. These benefits of clusters enhance the firm's productivity and the firm's innovation performance, and should therefore be considered in several decision-making processes such as the location choice, innovation output, access to labour and resources. Considering innovation benefits and their underlying mechanism is particularly important because the technological development cycles and time to market period are becoming increasingly shorter. Respecting the similarities, subsidiaries and interconnectedness inherent in clusters and using them to increase the innovative output to generate a competitive advantage over isolated firms is essential for staying at the top of the market. Understanding the location advantage cluster exhibit is therefore a competitive advantage that will affect a firm and their innovative output. This paper elaborate the influence of clusters on innovation by explaining clusters in general and in particular concerning innovation benefits and their underlying mechanism and showing how managers can possibly benefit from cluster innovative opportunities.

More books from GRIN Verlag

Cover of the book Das Geschäftsmodell von Low-Cost Airlines. Unterschiede und Wettbewerbsvorteile gegenüber Network Airlines by Stella Strüfing, Alissa Golomzina, Thomas Walter
Cover of the book Steganographie in der digitalen Bildbearbeitung by Stella Strüfing, Alissa Golomzina, Thomas Walter
Cover of the book Theorien zur Erklärung von Kriminalität - Kriminalitätstheorien / kriminologische Theorien by Stella Strüfing, Alissa Golomzina, Thomas Walter
Cover of the book Konzil von Trient by Stella Strüfing, Alissa Golomzina, Thomas Walter
Cover of the book Sollte Doping freigegeben werden? by Stella Strüfing, Alissa Golomzina, Thomas Walter
Cover of the book Lernen ist schön. Das IntraActPlus-Konzept in Heilpädagogischen Schulen by Stella Strüfing, Alissa Golomzina, Thomas Walter
Cover of the book Der Sinn des Polemos bei Heraklit by Stella Strüfing, Alissa Golomzina, Thomas Walter
Cover of the book Verhaltensauffälligkeiten bei Menschen mit geistiger Behinderung aus Sicht der psychoanalytischen Pädagogik by Stella Strüfing, Alissa Golomzina, Thomas Walter
Cover of the book Die Polemik zwischen dem Deutschen Orden und Polen-Litauen (1386-1422) by Stella Strüfing, Alissa Golomzina, Thomas Walter
Cover of the book Sizilien in der Spätantike by Stella Strüfing, Alissa Golomzina, Thomas Walter
Cover of the book Fehlerkorrektur im Tischtennis by Stella Strüfing, Alissa Golomzina, Thomas Walter
Cover of the book Theologie nach Auschwitz by Stella Strüfing, Alissa Golomzina, Thomas Walter
Cover of the book Freier Wille? - Zur Diskussion um den freien Willen by Stella Strüfing, Alissa Golomzina, Thomas Walter
Cover of the book Die Türkei als Wegweiser für die Länder des Arabischen Frühlings? by Stella Strüfing, Alissa Golomzina, Thomas Walter
Cover of the book Brünings Wirtschaftspolitik by Stella Strüfing, Alissa Golomzina, Thomas Walter
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy