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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 .
Cluster development, also known as conservation development, is a site planning approach that is an alternative to conventional subdivision development. It is a practice of low-impact development that groups residential properties in a proposed subdivision closer together in order to utilize the rest of the land for open space, recreation or ...
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.
Cluster theory is a theory of strategy.. Alfred Marshall, in his book Principles of Economics, published in 1890, first characterized clusters as a "concentration of specialized industries in particular localities" that he termed industrial districts.
Cluster house: an older form of the Q-type house (see below) [7] Condominium : a form of ownership with individual apartments for everyone, and co-ownership (by percentages) of all of the common areas, such as corridors, hallways, stairways, lobbies, recreation rooms, porches, rooftops, and any outdoor areas of the grounds of the buildings.
A planned unit development (PUD) is a type of flexible, non-Euclidean zoning device that redefines the land uses allowed within a stated land area. PUDs consist of unitary site plans that promote the creation of open spaces, mixed-use housing and land uses, environmental preservation and sustainability, and development flexibility. [ 1 ]
Enabling local cluster development – Companies do not operate in isolation from their surroundings. To compete and thrive, for example, they need reliable local suppliers, a functioning infrastructure of roads and telecommunications, access to talent, and an effective and predictable legal system
A rural cluster development (RCD) is a form of residential subdivision. In an RCD, houses are clustered together in areas zoned for larger properties. The remainder of the land is often designated open space. The effect is tract-home density in the middle of rural communities. [1]