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Cluster – Structural Tool To Support Business

Author

Listed:
  • Daniela Fundeanu Ph.D Student

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

  • Cosmin Sandu Badele Ph. D Student

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

Abstract

The opportunities to access grants have led to institutionalisation of cooperation between partners in a relationship of business in a geographical area organized as a cluster or pole of competitiveness, being a prerequisite to obtain the financing of activities by European programs. In EU view, the cluster is an ”engine” of economic growth and innovation, and represents an appropriate framework for business development through cooperation between companies, universities, research, training, suppliers, customers and competitors located in an area geographical, which creates competitive advantage. The study approach is the cluster as a tool to support the Romanian businesses with financing from structural instruments and highlights the strategic importance for the economic and social progress.

Suggested Citation

  • Daniela Fundeanu Ph.D Student & Cosmin Sandu Badele Ph. D Student, 2014. "Cluster – Structural Tool To Support Business," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(22), pages 135-143, APRIL.
    • Handle: RePEc:aio:rteyej:v:1:y:2014:i:22:p:135-143
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    More about this item

    Keywords

    cluster; business environment; competitiveness; structural instruments; economic and social impact;
    All these keywords.

    JEL classification:

    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M38 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Government Policy and Regulation

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