Establishment and Growth of Business Clusters with Public Aid

Journal Title: Journal of Competitiveness - Year 2012, Vol 4, Issue 3

Abstract

Industry or business clusters have become a part of an industrial policy in most countries not only within the European Union and are considered an effective instrument for the growth of firms and regional competitiveness. Their development is promoted and supported by many financial schemes at regional, national and even supranational level. The development of industry clusters in Czechia has had a very short tradition so far as the concept of clusters has become known here only at the beginning of this century. Surprisingly public aid for cluster development was approved at the governmental level very soon and the top-down approach strategy followed. The objective of the paper is to identify the basic phases of cluster development in the Czech Republic and to describe the impact of public financing on cluster establishment and growth in Czech regions. The presented case of Moravia-Silesia shows the cluster dynamics in the region which made the use of EU structural funds efficient for their development.

Authors and Affiliations

Karel Skokan, Eva Polednikova, Michaela Stanickova

Keywords

Related Articles

The Influence of Marketing Intelligence on Business Competitive Advantage (A Study of Diamond Bank Plc)

This study investigates the influence of Marketing Intelligence on Business Competitive Advantage: A study of Diamond Bank Plc, Nigeria. Five objectives were identified and translated into five research questions which a...

The Influence of Costumers’ Personal Characteristics on their Satisfaction with the Food Industry

The subject of this research is the influence of numerous factors and variables on customer satisfaction, which is one of the main factors of the company’s competitiveness. The objective of the study, therefore, is to as...

The Use of CSR in E-Commerce as a Way to Compete

The article deals with the impact of corporate social responsibility (CSR) on small-medium companies (SMEs) in the field of e-commerce. As many people today are aware of the exhaustion of resources, ethical codes as well...

Strategic Management of Business Performance Based on Innovations and Information Support in Specific Conditions of Slovakia

Business performance management and measurement is a relatively complex and difficult process, which is currently undergoing significant changes in terms of both theory and practice. Previously used indicators, methods a...

The Payment Discipline of Small and Medium-sized Enterprises

The issue of payment discipline is strongly interconnected with the competitiveness of companies. The aim of this article is to examine the opinions of entrepreneurs from SMEs in Slovakia on the payment discipline issue...

Download PDF file
  • EP ID EP86925
  • DOI 10.7441/joc.2012.03.02
  • Views 179
  • Downloads 0

How To Cite

Karel Skokan, Eva Polednikova, Michaela Stanickova (2012). Establishment and Growth of Business Clusters with Public Aid. Journal of Competitiveness, 4(3), 14-28. https://europub.co.uk/articles/-A-86925