Knowledge Management in Industry Clusters as an Indication of Entrepreneurship

Abstract

The article emphasizes the fact that industry clusters, as organisations, composing of various subsystems through mutual cooperation, are able to successfully attain the established objectives. Their capability to work efficiently is determined, however, by the quantity and quality of the knowledge they possess.Knowledge, as a component of intellectual capital, is currently the key strategic resource of clusters. Even more crucial is the way in which a manager of a cluster achieves, processes, transfers, and protects the knowledge. Assuming that knowledge management influences the results of a cluster, the article determines the significance of this process, and indicates the need for ceaseless development.

Knowledge Management and Entrepreneurship

“…One of the few research works that examines KM and entrepreneurship was by Bembenek and Piecuch (2014), who looked at the impact of KM on the formation and growth of industry clusters. They defined various types of clusters including Marshalian, hub and spoke, satellite platform, and state-anchored, and related the necessity of KM for their development and success.…”

“…The entrepreneurial mindset is one of the most jointly researched topics in the fields of entrepreneurship and education, yielding increasingly sophisticated models of behavior and intent (Chell, 2008). Startup performance and opportunity recognition have been found to be heavily influenced by the entrepreneur's cognitive biases (Li, Huang et al, 2009, Dang andMcKelvey, 2016) and networking (Andersson, Formica et al 2009;Bembenek and Piecuch, 2014;Jiao, Cui et al, 2014). However, these behavioral models have not yet incorporated KM model elements, making this topic another candidate for undoubtedly fruitful and impactful multidisciplinary research.…”

Collaboration and Critical Mass among Nascent Companies

“…Achieving critical mass is a goal of the administrators of innovation clusters and small business incubators [12,13] as is the exchange of tacit knowledge within them [14], but the process of achieving this is anecdotal and literature defines the associated concepts inconsistently [15].…”