This book highlights the importance of clusters for the competitiveness of companies and is divided into three interrelated parts. The first part focuses on localization economics, cluster theory, the role of innovation, and innovation partnerships in cluster formations. The second part of the volume presents original research carried out from 2018 to 2020 in the field of both natural clusters and organized clusters. In addition to examining the impact of cluster membership, the contributions also focus on additional factors that may affect the financial performance of companies. In the third part, an additional survey and case studies are presented, to examine the specifics of family businesses in selected industrial districts of the textile, glass, and jewelry industries. A broader overview of the development of dominant industries in the selected districts is provided, for an easier understanding of the relationships of competition among companies and locations in the business clusters. The book evaluates implications for microeconomic and macroeconomic policies and provides proposals for corporate inter-organizational behavior. This volume addresses scholars and researchers of economics, business, and management, as well as policy-makers and practitioners interested in a better understanding of innovation and performance drivers of business clusters.

In Entrepreneurship, Innovation and Business Clusters, Panos Piperopoulos provides a comprehensive introduction to what entrepreneurship is all about, how and why entrepreneurs innovate and how innovation systems operate. Small and medium enterprises (SMEs) constitute the backbone of most economies, so the author examines their characteristics and the crucial role played by the owners and entrepreneurs who innovate to ensure the survival and continued growth of their firms. He also includes the particular phenomena that arise where the entrepreneurs are either female or from ethnic groups, or where the context is that of a developing region or country. The importance of co-operative strategic alliances and networks between firms is discussed, along with how these strengthen SMEs' competitiveness. The concept of open innovation has been proposed as a new paradigm for the management of innovation and the author presents a hypothetical model for enhancing the competitiveness and performance of SMEs by properly utilizing employees' creative potential, emotional intelligence, tacit knowledge and innovative ideas. The contemporary model of business clusters, involving partnerships with competitors, agents, universities, research centres and local, regional and national governments is discussed. The ways, means and methods through which SMEs' competitiveness and innovation can be enhanced within business clusters is illustrated by cases that identify four types of SMEs, that behave differently and play different roles in the networks and clusters of which they form a part, but all of whose performance and competitiveness is a function of their position and role in the wider scheme of things.

This book aims to bind together latest theories on creation of innovative clusters and operating modalities, empirical analysis, and several new formal models describing cluster formation and dynamics. Another objective of the book is the analysis of the role of the innovative activities on the economic performances of the firm during the crisis, focusing the attention on the complementarities existing among the innovative dimensions, hypothesizing a positive role of integrated innovative strategies in increasing the firm resilience to the challenges brought by the economic crisis. The part of empirical analysis contains a comprehensive survey of different international legislation sources useful for deep studies of influential factors and peculiarities. In this book international statistical reports on economic activity and business cases of successful application of clusters model are described for Western Europe and BRIC. This book also presents authors findings in the domain of mathematical and simulation modeling of the major elements of cluster and innovation management.

In the global economy, regional development and innovation are increasingly an imperative to increase the competitive edge of EU economies. While European regions are different in many ways, the innovation capacity of regions, clusters and firms is what makes them capable of building up new and diversified pathways for sustainable growth. For this reason, Innovation Drivers and Regional Innovation Strategies looks to analyze different knowledge drivers (e.g. entrepreneurial or policy-orientation; scientific and practice-based knowledge modes; institutional innovation support) that influence the innovative and competitive capacity of regions, clusters and firms in Europe. The aim of this volume is to develop an in-depth understanding of these drivers and their implications for the way in which regional and cluster growth may be upgraded. Innovation Drivers and Regional Innovation Strategies examines the construction of new innovation pathways for regions and clusters in different geographical contexts. The main themes are cluster evolution, regional innovation systems and business innovation modes and capabilities. The objectives are centred on exploring the logic and mechanisms that can be activated as a means to promote innovation and competitiveness within regions and, within these, across and within firms. Aimed at researchers and academics in the field, this is a thoughtful and innovative new volume that helps define the academic debate.

The world's leading experts contribute to our understanding of regional innovation, cluster formation and the factors that influence regional productivity and innovative performance. The text improves our understanding of the reasons why, how and where innovation clusters emerge, as well as the factors that determine their respective success or failure. In doing so, it provides a timely and comprehensive picture on innovation, location, networks and clusters as important means in an environment of intensifying interregional competition. The book is written for professional researchers as well as for students and practitioners in politics, business and consultancy.

øIn the geography of the global economy, there are known Šhot spots� where new technologies germinate at an astounding rate and pools of capital, expertise and talent foster the development of new industries and new ways of doing business. These cluste