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

Business clusters  Definition of clusters  Scientific discovery in business clusters  Associations  Components  How to use it?  Pros and cons 2

Business clusters  A business cluster is a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field. 3

Main economy aims raise the profit minimize the costs increase the profitability allocate resources 4

Comparison Similar to: Differs from: economic stagnation economic stagnation regress 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 5

Associations  Innovations  Research  Business, universities, government  Science  Development  Progress  Evolution  Investment  Production  Economy 6

Components Enroll the product Searching for production facilities, investors, target audience Idea testing Idea generation Market research 7

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 8

Pros and cons ProsCons 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 9

Conclusion  An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today… 10

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