Explain the concept of clusters in your own words using at

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1. Explain the concept of clusters in your own words using at least two sources or definitions of clusters with appropriate referencing. One definition of cluster should be unrelated to business. Look for examples related to fruit, trees or other components. The second definition should involve the notion of concepts as explained by the above presentation and video. Then, add, in your own words, what you have learned is the rationale behind the creation of clusters?

2. What different types of organizations are important to form a successful cluster?

3. In your own words, explain how clusters relate to economic development, innovation and/or job creation?

4. Provide 3 examples of successful clusters that we have not discussed in class. Outline the various participants in each cluster.

5. Identify five specific organizations/firms/other that are or could contribute to an existing or potential cluster for the business selected for your FITT project. This could be in Canada and/or the country/state/market you are researching (AUSTRALIA).

Reference no: EM13475717

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