In the last few decades clusters have become a very attractive concept for economic practice: they are approached as a key source of competitive advantage, mainly in connection with their capacity to be critical drivers of innovation which is heavily concentrated from a geographical viewpoint. As argued by the European Cluster Memorandum (European Cluster Alliance, 2007), clusters stimulate the emergence of new ideas in networks of cooperating business firms and institutions, lowering the barriers for transforming new ideas into businesses. In line with this overall orientation the strong cluster support offered by the EU has been conceived in tight relation to those cohesion policy programmes aiming at fostering regional innovation and knowledge-based networks. Indeed, in the last two decades there has been shown to be enormous concern with growth based on science and innovation, with a special emphasis on technology-intensive activities. Nevertheless, the``obsession with high-tech industries'' (Trippl, 2010, page 193) has begun to encounter sharp criticism by several authorsöthe idea that medium-tech and low-tech industries could also be innovative and could provide substantial impulse to regional growth is getting more attention (
Sustainable strategic management in an emerging market economy: the case of Romanian women entrepreneurs." Int. J. Sustainable Strategic Management, Vol. 1, No. 4, 2009 p. 344-60. Reference to this paper should be made as follows:
Abstract:For decades the field of strategic management has been dominated by research on developed economies, especially those of USA and Europe. Emerging markets, such as the former Soviet bloc countries, have largely been ignored. These countries have experienced, in varying degrees, major political, economic and social changes that have had a major impact on their current entrepreneurial climate. Based on the new legal and institutional frameworks these former Soviet bloc emerging markets are establishing, the role women-owned businesses are playing to create economic growth and sustainable businesses are explored. The results showed similar findings in Romania compared to a similar study completed on women entrepreneurs in the Ukraine. Implications for sustainable strategic management in emerging economies are discussed.
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