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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 globally. Accounting is a part of the business cluster.
Vertical cluster - are alliances between businesses which belong to different levels of the same supply chain, such as a buyer assisting its suppliers in upgrading. Over the years various types of clusters have formed. Different business clusters are formed based on different types of knowledge.
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 Porter .
A "clustering" is essentially a set of such clusters, usually containing all objects in the data set. Additionally, it may specify the relationship of the clusters to each other, for example, a hierarchy of clusters embedded in each other. Clusterings can be roughly distinguished as: Hard clustering: each object belongs to a cluster or not
An example of cluster sampling is area sampling or geographical cluster sampling.Each cluster is a geographical area in an area sampling frame.Because a geographically dispersed population can be expensive to survey, greater economy than simple random sampling can be achieved by grouping several respondents within a local area into a cluster.
Economies of agglomeration have some advantages. As more firms in related fields of business cluster together, their production costs tend to decline significantly (firms have multiple competing suppliers; greater specialization and division of labor). Even when competing firms in the same sector cluster, there may be advantages because the ...
Business cluster, a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field; In graph theory: The formation of clusters of linked nodes in a network, measured by the clustering coefficient
The definition of a clusters of innovation (COI) is an evolution of the original concept of Business cluster which Michael Porter had proposed in 1990 as a "Geographically proximate group of interconnected companies and associated institutions in a particular field" [2]