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SME's make up the bulk of enterprises in developing countries and make a significant contribution to employment and economic growth. This paper takes stock of best practices in industrial clustering and SME promotion in Commonwealth developing countries. It provides examples of cluster formation, policies to stimulate cluster development and guidelines for business development services for SME's.
This book offers a new interpretative key, which we call 'a stage and eclectic approach', to the development of clusters. This approach supports public efforts to increase the effectiveness of policy-making and development operations in local contexts.
Small and medium enterprises (SMEs) have been widely acknowledged to be an important agent of development because of their potential for addressing unemployment, inequality, and poverty, as well as promoting inclusiveness in economic development. The sector is critical for achieving the country’s sustainable growth. However, there is a lack of research on the adaptations SMEs are making in today’s technologically driven market. Challenges and Opportunities for SMEs in Industry 4.0 is a collection of innovative research on the methods and applications of modern business development and innovative strategies for small and medium enterprises in the age of smart industrialism. This book features a wide range of topics including business intelligence, collaborative manufacturing, and organizational networking. This reference source is ideally designed for managers, policymakers, economists, entrepreneurs, strategists, researchers, industrialists, academicians, educators, and students.
SME's are acknowledged as effective sources of jobs and incomes, gaining an important position in the development agenda, subsequently 'cluster' policies were conceived as a framework to augment the effects of SMEs and to optimize resources used to support them. Based on case studies from Brazil, Vietnam, Indonesia and India, this volume examines SME clusters and argues that unless they counteract common problems such as very low wages, poor working conditions, poor quality products and lack or environmental regulation, they will be pushed out of the market and so become unsustainable. This book suggests that the SME clusters currently being stretched should react by 'socially upgrading' in order to improve their innovation capacity, as well as social, environmental and labour standards. It puts forward conceptual frameworks which explain the way firms can upgrade: through markets, interaction among cluster members, through Corporate Social Responsibility and other such public policy, and through the better enforcement of regulation.
SME's are acknowledged as effective sources of jobs and incomes, gaining an important position in the development agenda, subsequently 'cluster' policies were conceived as a framework to augment the effects of SMEs and to optimize resources used to support them. Based on case studies from Brazil, Vietnam, Indonesia and India, this volume examines SME clusters and argues that unless they counteract common problems such as very low wages, poor working conditions, poor quality products and lack or environmental regulation, they will be pushed out of the market and so become unsustainable. This book suggests that the SME clusters currently being stretched should react by 'socially upgrading' in order to improve their innovation capacity, as well as social, environmental and labour standards. It puts forward conceptual frameworks which explain the way firms can upgrade: through markets, interaction among cluster members, through Corporate Social Responsibility and other such public policy, and through the better enforcement of regulation.
SMEs make up the bulk of enterprises in developing countries and make a significant contribution to employment and economic growth. This paper takes stock of best practices in industrial clustering and SME promotion in Commonwealth developing countries. It provides examples of cluster formation, policies to stimulate cluster development and guidelines for business development services for SMEs.
This book consists of chapters that review concepts and theories to empirical evidences and case studies of cluster development in five Asian countries – Japan, Malaysia, Indonesia, Thailand and Vietnam. It explores the dynamic of clustering in linking its potential and challenges to economic development, policy making, innovation and social networking in various cluster development projects in different localities and regions. For many years clusters have been touted to have significant economic and strategic advantages to develop potential and successful industrial regions. This book offers a better understanding of rural challenges in cluster development in different localities of Asian countries, which would help in generating new ideas and suggestions in making appropriate recognition to rural agendas in the era of globalization. It is suitable as a reference for university and college students in related fields, as well as for researchers, planners, administrators and the society at large.
Recent European Commission studies recall the urgency of promoting new and more robust Small and Medium-sized Enterprises (SMEs), due to the rise of enormous global markets and the emergence of a new industrial system originating from the distinctly different business culture of the Far East. A “road map” for the survival of SMEs in Europe must be based on an accurate analysis of the most significant causes behind the weaknesses of SMEs. Several research projects conclude that SMEs must join together to create “networks”. Yet the majority of the existing networks suffer from a lack of real coordination: it is clear that a method for analyzing the governance of the network and its collaboration efficiency is essential for assuring effective performance. “A Road Map to the Development of European SME Networks” addresses this task: describing the method of analysis, allowing comparisons to be made between SME networks in different European countries, and providing information on a supporting web site.