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Clusters – A Specific Form of Connecting Business Entities in Order to Improve the Market Position

Author

Listed:
  • Ivana Kostadinoviæ

    (Faculty of Economics, University of Niš, Niš, Serbia)

  • Ivana Iliæ

    (Faculty of Economics, University of Niš, Niš, Serbia)

  • Zorana Kostiæ

    (Faculty of Economics, University of Niš, Niš, Serbia)

Abstract

Clusters represent the economic base, which promotes regional development. The formation of cluster organizations is the result of real needs for the satisfaction of economic interest of theirmembers.The purpose of this paper is to promote positive changes that result from the action of clusters. By studying the specifics of the process of connecting businesses, functioning, and development of clusters, we will set guidelines for improving the business efficiency of business entities. Undertaking the measures and actions to improve business efficiency can stimulate balanced regional development. The achieved results of the joint operations of agricultural entities may be of use to regional development policy-makers, cluster management, and cluster members, but also those businesses that are in a dilemma whether to operate independently or within clusters in order to improve their position on the market.

Suggested Citation

  • Ivana Kostadinoviæ & Ivana Iliæ & Zorana Kostiæ, 2015. "Clusters – A Specific Form of Connecting Business Entities in Order to Improve the Market Position," Hyperion Economic Journal, Faculty of Economic Sciences, Hyperion University of Bucharest, Romania, vol. 3(3), pages 46-54, September.
    • Handle: RePEc:hyp:journl:v:3:y:2015:i:3:p:46-54
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    More about this item

    Keywords

    clusters; regional development; business efficiency; the market; the agricultural sector;
    All these keywords.

    JEL classification:

    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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