What are important characteristics of successful industrial clusters
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The following are the chief characteristics of a successful cluster.
geographical proximity of small and medium enterprises (SMEs)
sectoral specialisation.
close inter-firm collaboration.
inter-firm competition based on innovation.
a socio-cultural identity, which facilitates trust.
multi-skilled workforce.
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Answer:
The following are the chief characteristics of a successful cluster.
geographical proximity of small and medium enterprises (SMEs)
sectoral specialisation.
close inter-firm collaboration.
inter-firm competition based on innovation.
a socio-cultural identity, which facilitates trust.
multi-skilled workforce.
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