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What is Cluster Initiatives

Chapter 5
Smart Specialization Strategies and the Role of Entrepreneurial Universities
The appearance of cluster concept is a quite new phenomenon that mainly deals with the regional networking, research and development, innovations, business promotion that facilitate mutual cooperation among competitors, and ultimately lead to the achievement of numerous positive effects for the region. Cluster is based on the local network which has the character of a specialized division and cooperation. Cluster initiatives accelerate the regional growth.
Published in Chapter:
Smart Specialization Strategy: Does It Really Foster Regional Competitiveness? Smart Specialization and Regional Competitiveness
Nibedita Saha (Tomas Bata University in Zlin, Czech Republic), Tomas Saha (Tomas Bata University in Zlín, Czech Republic), and Petr Saha (Tomas Bata University in Zlin, Czech Republic)
Copyright: © 2019 |Pages: 31
DOI: 10.4018/978-1-5225-6152-1.ch005
Abstract
This chapter deliberates the significance of smart specialization strategy and its impact on regional development that enable a region to become more creative and innovative. Consistently, the emergence of smart specialization strategy is the cornerstone of creating a unique platform for enhancing territorial competitiveness and knowledge-driven innovation center through promoting entrepreneurial universities within the region connected to the regional growth scheme. Therefore, the authors investigate what makes regions competitive. What fosters growth in one region may be under a bottleneck effect in another. This chapter represents an accessible approach for identifying competitors and their particular circumstances that discuss regional entrepreneurial discovery process and their competitiveness from a conceptual perspective.
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