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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 ...
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.
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.
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]
A technopole, commonly referred to as a high-technology cluster or tech hub, refers to a center of high-tech manufacturing and information-based quaternary industry. [1] The term was coined by Allen J. Scott in 1990 to describe regions in Southern California which showed a rapid growth in high technology fields. [ 2 ]
When discussing the ethnic enclave as defined by a spatial cluster of businesses, economic success, and growth can be largely predicted by three factors. These factors include 1) the size and population of the enclave, 2) the level of entrepreneurial skills of those in the enclave, and 3) the availability of capital resources to the enclave.
Medium-density housing is a term used within urban planning and academic literature to refer to a category of residential development that falls between detached suburban housing and large multi-story buildings. There is no singular definition of medium-density housing as its precise definition tends to vary between jurisdiction.