Search results
Results from the WOW.Com Content Network
Economies of scale external to a firm result from spatial proximity and are called agglomeration economies of scale. Agglomeration economies can be seen as the external condition for companies and the internal condition for the region. Increasing returns to scale, according to Beckmann, is integral to understanding why urban centers form.
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.
Most economists believe that there are four compositions of clusters which can be identified: Geographical cluster – a cluster of businesses in a geographical location where enough resources have accumulated to give a competitive advantage to businesses in a given economic branch e.g. the California wine cluster or the flower cluster in the Netherlands.
Every business wants to grow. For many companies, that is their defining mission. But there are two ways to make a company larger. See Our List: 100 Most Influential Money Experts Also: 22 Side ...
Getting a new business off the ground is a challenging feat. You must take out loans for startup businesses, find investors, and hire the people who will become your all-star team. It can be ...
A scaleup company or just scaleup is a company that already has a profitable and scalable business model and grows above 20% in either turnover or number of employees over a three-year period. [1] A scaleup can be identified as being in the "growth phase" life-cycle in the Millers and Friesen life cycle theorem , [ 2 ] or the "Direction phase ...
The study of geography, in terms of how it has shaped or impacted on the settlement, location of resources, trade routes, shows how geography has shaped economic history. One of the reasons why interactions between geographic characteristics and economic activity can be convoluted is because the said characteristics are the primary cause by ...
However, some authors recognize that the public sector often uses the business way of scaling to reach impact, leading to disillusionment and doing more harm than good. [3] Sometimes, scaling is seen as a process towards sustainable systems change at scale, where sustainability, systems change and responsible scaling are just as important as ...