Business clusters

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

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

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

4. Main economy aims 1 raise the profit 2 minimize the costs 3 allocate resources increase the profitability 4

5. Comparison Scientific discovery in business clusters Similar to: Differs from: economic stagnation • geographical discovery • standstill of economic growth of humanity • discovery of new continents, countries, places, areas, etc regress • multicultural discovery • transformation from high developing stage to lower • discovery of cultures, tribes, habits, customs, languages, etc

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

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

8. How to use it? External Internal • 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 • acceleration of country progress • increasing the teenagers interest in countries development • using of all country’s resources and economic potential Business clusters

9. Pros 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

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

11. Thank You!