business cluster

Gen Mgt
a group of small firms from similar industries that team up and act as one body. Creating a business cluster enables firms to enjoy economies of scale usually only available to bigger competitors. Marketing costs can be shared and goods can be bought more cheaply. There are also networking advantages, in which small firms can share experiences and discuss business strategies.

The ultimate business dictionary. 2015.

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  • Business cluster — A business cluster is a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field. Clusters are considered to increase the productivity with which companies can compete, nationally and… …   Wikipedia

  • Internet Business Cluster — Das Internet Business Cluster (IBC) ist eine Kooperation zwischen der Ludwig Maximilians Universität München (LMU) und führenden Anbietern der deutschen Internetwirtschaft. Es wurde im April 2011 ins Leben gerufen und ist langfristig angelegt.… …   Deutsch Wikipedia

  • cluster — Ⅰ. cluster UK US /ˈklʌstər/ noun [C] ► a group of similar things that are close together in a small area: »There is a cluster of hi tech businesses in the city s industrial park. ► a group of similar events that happen within a small area or… …   Financial and business terms

  • Cluster development — (or cluster initiative or Economic Clustering) is the economic development of business clusters. The cluster concept has rapidly attracted attention from governments, consultants, and academics since it was first proposed in 1990 by Michael… …   Wikipedia

  • Cluster (Wirtschaft) — Cluster können aus ökonomischer Sicht als Netzwerke von Produzenten, Zulieferern, Forschungseinrichtungen (z. B. Hochschulen), Dienstleistern (z. B. Design und Ingenieurbüros), Handwerkern und verbundenen Institutionen (z. B.… …   Deutsch Wikipedia

  • Cluster analysis — A statistical technique that identifies clusters of stocks whose returns are highly correlated within each cluster and relatively uncorrelated between clusters. Cluster analysis has identified groupings such as growth, cyclical, stable and energy …   Financial and business terms

  • cluster analysis — A statistical technique that identifies clusters of stocks whose returns are highly correlated within each cluster and relatively uncorrelated across clusters. Cluster analysis has identified groupings such as growth (growth stocks), cyclical (… …   Financial and business terms

  • Cluster (Computer) — NASA Computercluster Ein Computercluster, meist einfach Cluster (engl. „Schwarm“, „Gruppe“, „Haufen“), bezeichnet eine Anzahl von vernetzten Computern, die von außen in vielen Fällen als ein Computer gesehen werden können. In der Regel sind die… …   Deutsch Wikipedia

  • Cluster Computing — NASA Computercluster Ein Computercluster, meist einfach Cluster (engl. „Schwarm“, „Gruppe“, „Haufen“), bezeichnet eine Anzahl von vernetzten Computern, die von außen in vielen Fällen als ein Computer gesehen werden können. In der Regel sind die… …   Deutsch Wikipedia

  • Cluster — A cluster is a small group or bunch of something. Contents 1 In science 2 In astrophysics 3 In biology and health sciences 4 In computing …   Wikipedia

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