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Clusters – Value Added Creators for SMEs

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  • Mădălina Dumitrița Maticiuc

Abstract

Clusters support the competitiveness of SMEs and they foster the growth of economies in transition and developing countries. They give enterprises the chance to gain experience and to improve the services they offer. Before forming strategic partnerships, SMEs should evaluate their capabilities and their potential and should take into account the fact that, inside a cluster, SMEs can benefit from the synergy between members that fosters the individual competitiveness. The purpose of this paper is to review the existing literature on creating added value by clustering and to identify the main research tendencies in this area of interest. The study focuses on improving our understanding of the relation between value and capabilities in SMEs partnerships formation inside clusters.

Suggested Citation

  • Mădălina Dumitrița Maticiuc, 2018. "Clusters – Value Added Creators for SMEs," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 18(1), pages 113-120.
    • Handle: RePEc:pet:annals:v:18:y:2018:i:1:p:113-120
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    References listed on IDEAS

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    1. Ariana Tal, 2017. "SOCIAL MEDIA PLATFORMS AND ROMANIAN SMEs. AN INNOVATION PERSPECTIVE," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 130-137, June.
    2. Rafael La Porta & Florencio Lopez‐De‐Silanes & Andrei Shleifer, 1999. "Corporate Ownership Around the World," Journal of Finance, American Finance Association, vol. 54(2), pages 471-517, April.
    3. Schmitz, Hubert & Nadvi, Khalid, 1999. "Clustering and Industrialization: Introduction," World Development, Elsevier, vol. 27(9), pages 1503-1514, September.
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    1. Clement Nangpiire & Francis Oheneba Gyebi & Theophile Nasse, 2024. "Sustainable Procurement Practices and Organisational Performance of Small and Medium Enterprises in Ghana," International Journal of Economics and Financial Issues, Econjournals, vol. 14(1), pages 95-106, January.

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    More about this item

    Keywords

    cluster; Small and Medium Enterprise (SME); added value; competitiveness; innovation;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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