What are the important characteristics of successful industrial cluste

1.	What are the important characteristics of successful industrial clusters? .
Answer» The following are the chief characteristics of a successful cluster. 1. Geographical proximity of Small and Medium Enterprises (SMEs) 2. Sectoral specialisation 3. Close inter firm collaboration 4. Inter – firm competition based on innovation 5. A Socio – Cultural Identity which facilitates trust. 6. Multi – skilled workforce 7. Active self – help organisations and 8. Supportive regional and municipal governments. 9. Through Competition, they are forced to become more efficient.

What are the important characteristics of successful industrial clusters? .

Answer»

The following are the chief characteristics of a successful cluster.

1. Geographical proximity of Small and Medium Enterprises (SMEs)

2. Sectoral specialisation

3. Close inter firm collaboration

4. Inter – firm competition based on innovation

5. A Socio – Cultural Identity which facilitates trust.

6. Multi – skilled workforce

7. Active self – help organisations and

8. Supportive regional and municipal governments.

9. Through Competition, they are forced to become more efficient.