Economic Geography
NAME: TRAN CONG THANH
CLASS: GMA02
1a.How do clusters allow us to understand business development?
Think of cluster, we think about interconnected businesses working together in a region in a particular field. So being a part of cluster allows individuals or companies to operate more productivity and efficiency. Cluster is a typical place where receive so many support and investment from government and institutions about infrastructure in order to enhance companies ‘s productivity as well as the ability recruit employee with lower cost in training. Moreover, there are so many companies , institutions , specialized suppliers concentrate in the cluster so the employees have a good condition to develop and it opens up more opportunities for finding job so the cluster help attract best talent and produce specialized and experienced employees to reduce search and transaction cost in recruiting. On the other hand, each member can be easy to find and access specialized information which accumulated within the cluster so promote the flow of information and make information more transferable to facilitate technological and knowledge spillovers. The linkage between complementarities business such as hotels, restaurants, outlets and so on are more and more closed. The complementarities development signal opportunities for many employees, develop flowing services to gain more profits as well as create employment opportunities. The cluster also raise in marketing .It enhances reputation of a location in a particular field so it’s easy to attract customer, easy to meet their need when they want to do business. For example entertainment in Hollywood, finance on Wall Street, consumer electronics in Japan . Finally, clusters are often make it easier to compare performance among local rivalry so clusters play important role in competition to renew, reform and spark innovation and new business.
1b.From the case study on building a cluster in Costa Rica, what was the
CLASS: GMA02
1a.How do clusters allow us to understand business development?
Think of cluster, we think about interconnected businesses working together in a region in a particular field. So being a part of cluster allows individuals or companies to operate more productivity and efficiency. Cluster is a typical place where receive so many support and investment from government and institutions about infrastructure in order to enhance companies ‘s productivity as well as the ability recruit employee with lower cost in training. Moreover, there are so many companies , institutions , specialized suppliers concentrate in the cluster so the employees have a good condition to develop and it opens up more opportunities for finding job so the cluster help attract best talent and produce specialized and experienced employees to reduce search and transaction cost in recruiting. On the other hand, each member can be easy to find and access specialized information which accumulated within the cluster so promote the flow of information and make information more transferable to facilitate technological and knowledge spillovers. The linkage between complementarities business such as hotels, restaurants, outlets and so on are more and more closed. The complementarities development signal opportunities for many employees, develop flowing services to gain more profits as well as create employment opportunities. The cluster also raise in marketing .It enhances reputation of a location in a particular field so it’s easy to attract customer, easy to meet their need when they want to do business. For example entertainment in Hollywood, finance on Wall Street, consumer electronics in Japan . Finally, clusters are often make it easier to compare performance among local rivalry so clusters play important role in competition to renew, reform and spark innovation and new business.
1b.From the case study on building a cluster in Costa Rica, what was the