Business Management (Clusters)

Dropbox Assignment #3 - 10 % of Final Grade - MGMT 6071 - Prof. Murray E. Morgan

Competitive Advantage - Clusters

General:

This assignment involves research and analysis of an emerging area of business involving competitive advantage.

1. Explain the concept of clusters in your own words using at least two sources or definitions of clusters with appropriate referencing. One definition of cluster should be unrelated to business. Look for examples related to fruit, trees or other components. The second definition should involve the notion of concepts as explained by the above presentation and video. Then, add, in your own words, what you have learned is the rationale behind the creation of clusters? 10 marks

2. What different types of organizations are important to form a successful cluster? 5 marks

3. In your own words, explain how clusters relate to economic development, innovation and/or job creation? 10 marks

4. Provide 3 examples of successful clusters that we have not discussed in class. Outline the various participants in each cluster. 5 marks.

5. Identify five specific organizations/firms/other that are or could contribute to an existing or potential cluster for the business selected for your FITT project. This could be in Canada and/or the country/state/market you are researching (AUSTRALIA). 10 marks

Logistics

· Maximum 3 pages double-spaced

· Paragraph form for 1 and 3. Point form is fine for 2, 4 and 5.

· All reference sources must be properly cited (in text, endnotes, footnotes, bibliography.)

MORE READING IF YOU LIKE

	Clusters and Competition: New Agendas for Companies, Governments, and Institutions
	Publication Date: Jun 7, 1999 Author(s): Michael E. Porter Product Number: 2034 Length: 50p Hard Copy $10.95 each

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Description: Today's economic map of the world is characterized by what Michael Porter calls clusters: geographic concentrations of firms, suppliers, related industries, and specialized institutions that occur in a particular field in a nation, state, or city. This chapter from Porter's book On Competition explores this essential ingredient of economic development and how it can foster new roles for business, government, and institutions as well as new ways to structure relationships among them. This chapter formed the basis of Michael Porter's Harvard Business Review article Clusters and the New Economics of Competition (November/December 1998).

Article Abstract

Title: From clusters to cluster-based economic development

Author: Christian H.M. Ketels, Olga Memedovic

http://www.inderscience.com/search/index.php?action=record&rec_id=19979&prevQuery=&ps=10&m=or

    

        

 

Innovation and Clusters

European Presidency Conference on Innovation and Clusters 22-23 January 2008, Stockholm

Clusters or Business Clusters

Listed below are several relevant articles/websites. The Development of the cluster concept – present experiences and further developments

Michael Porter at Harvard has done considerable work in this field. An internet search may surface other explanations. Christian Ketels and other have based their work on Porter’s ideas.

Here is the link for the 2008 Michael Porter presentation we reviewed in class

http://www.isc.hbs.edu/pdf/20080122_EuropeanClusterPolicy.pdf

Here is Dr. Porter in action.

http://www.youtube.com/watch?v=y5I_cnpP99U&feature=results_main&playnext=1&list=PLC9BC99B388D1FFA7

Another video reviewed in class http://www.youtube.com/watch?v=cWKjEO3RI38

By Christian H. M. Ketels http://www.isc.hbs.edu/pdf/Frontiers_of_Cluster_Research_2003.11.23.pdf

http://www.vinnova.se/In-English/misc/Speciella_sidor/Innovation-and-Clusters/