Business cluster refers to the geographical concentration of closely related businesses, suppliers, and firms belonging in a given field. The primary objective of forming these clusters is to boost the productivity with which firms compete at both national and international levels. Clusters are also crucial in the strategic management processes. This article discusses the benefits of such clusters, the management at domestic and international scales, and the negative aspects of clustering (DeWitt, Giunipero & Melton, 2006).
Concentrated clusters promote the management of supply chains by developing strong relationships between the customer and supplier. Employing the concept of concentrated clusters enhances the benefits a company derives from its interaction by linking various companies and other business entities within the same industry. Operating in concentrated cluster enables firms to understand the precise needs of customers and vice versa. With this situation in place, businesses are able to establish permanent clientele who in turn add a personal touch in the manner transactions is conducted. In addition, concentrated clusters enable firms to standardize their products thus ensuring customers are able to get consistent product (Porter, 2000).
After cluster analysis in a given region's economic drivers, the results obtained can be applied in determining existing gaps in the value-adding chain. These gaps can be in the form of imbalance between the suppliers of definite components and the general demand of those components in the cluster. The policy makers can then move into action of mitigating the gap having established...
A fourth foundational element is the strength of the Starbucks brand itself and is ubiquity globally. As a result of rapid and well-defined strategies for opening up retail stores, Starbucks is now considered one of the most preeminent and strongest brands globally. Starbucks has generated the strength of their brand through combining high-quality coffee and tea beverages with the third-place concept to generate customer loyalty and world-of-mouth among customers and their
London Housing The research was undertaken to study the link between inequality and depravity, poverty and crime in the housing structures of London. The study found that there is wide spread economic disparity in London. This divide is evident in the living styles and the types of housing structures that people live in. The council or housing estates of the city are primarily the residences of the lower income families. This
Sampling Plan Before discussing a sampling plan, there has to be clear and unambiguous definitions of what a sample and sampling are. Despite diversity in the definition of a sample, the best meaning is that a sample could be considered as a subset of a population, with which a researcher would like to use as participants in a given research study (Landreneau & Creek, 2012). According to Deming (1990), sapling is
Because the home country is not required to reimburse foreign depositors for losses, there is no corresponding financial penalty for lax supervision; there is, though, a benefit to the country with lenient regulatory policies because of increased revenues generated and the employment opportunities these services provide (Edwards 1999). Furthermore, banks seeking to conduct multinational business are attracted to countries where incorporation laws and the regulatory framework offer less regulatory oversight
……Pre-diabetes and Diabetes Early Awareness Education and Its Effects on BMISubmitted by:Nancy L. Gee Comment by Pamela Love: Looks like an interesting project, Nancy.Very good start! Be sure whenever you submit your manuscript that you change wording from �study� to �project� and avoid referring to the project as research. Review carefully for grammar, punctuation, sentence structure, format, or APA errors. Pay close attention to the reviewer�s comments as you continue
ICT Use is Applied to the Tourism and Hospitality Industries This work in writing conducts a critical evaluation of how use of ICT is applied to the tourism and hospitality industries. This work in writing will evaluate the Disney hospitality and tourism website located at http://disneyland.disney.go.com/. The United Nations Conference on Trade and Development reports that the tourism industry has undergone a transformation by the information and communication technologies (ICT) and
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now