English, Article, Journal or magazine article edition: Cluster Life Cycles - Dimensions and Rationales of Cluster Development Max-Peter Menzel; Dirk Fornahl

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Bookmark: http://trove.nla.gov.au/version/1163
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Cluster Life Cycles - Dimensions and Rationales of Cluster Development
Author
  • Max-Peter Menzel
  • Dirk Fornahl
Physical Description
  • preprint
Notes
  • We present a model that explains how a cluster moves through a life cycle and why this movement differs from the industry life cycle. The model is based on three key processes: the changing heterogeneity in the cluster describes the movement of the cluster through the life cycle; the geographical absorptive capacity enables clustered companies to take advantage of a larger diversity of knowledge and the stronger convergence of clustered companies compared to non-clustered companies results in a reduction of heterogeneity. We apply these processes to four stages of the cluster life cycle: emergence, growth, sustainment and decline.
  • cluster evolution, life cycle, heterogeneity
  • RePEc:jrp:jrpwrp:2007-076
Language
  • English
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