Cluster Entrepreneurship Development in Lithuania Best Practice

Clusters becoming important field in Lithuania. Clusters aim to join forces to gain mutual benefits, accelerate the process of developing new products, services or technologies, and bring them to market, foster innovation and collaborate on science and business. Clusters in Lithuania have benefit: ...

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Main Author: Margarita Išoraitė
Format: Article
Language:English
Published: Universitas Bangka Belitung, Fakultas Ekonomi 2019-09-01
Series:Integrated Journal of Business and Economics
Subjects:
Online Access:http://ojs.ijbe-research.com/index.php/IJBE/article/view/208
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author Margarita Išoraitė
author_facet Margarita Išoraitė
author_sort Margarita Išoraitė
collection DOAJ
description Clusters becoming important field in Lithuania. Clusters aim to join forces to gain mutual benefits, accelerate the process of developing new products, services or technologies, and bring them to market, foster innovation and collaborate on science and business. Clusters in Lithuania have benefit:  stimulates innovation and growth, promotes the transfer of knowledge and helps develop new ideas and business, promotes export development, contributes to the internationalization of enterprises, helps to reach foreign markets and find new business partners, helps attract new technologies, skilled labor, investment in research and development and innovation, strengthens the human, technical, scientific, capital, innovation, partnership and other capabilities of individual cluster members, provides access to unique, specialized resources and enhances the competitive advantage of cluster members, helps to reduce the costs of small and medium-sized enterprises,  prepare SMEs for growth,  helps reduce risk and increases the likelihood of success in selecting new R&D trends.
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spelling doaj.art-c9abb1f255b247e984f0f1fc147b9dcb2022-12-21T18:32:05ZengUniversitas Bangka Belitung, Fakultas EkonomiIntegrated Journal of Business and Economics2549-59332549-32802019-09-013331331910.33019/ijbe.v3i3.20874Cluster Entrepreneurship Development in Lithuania Best PracticeMargarita Išoraitė0Vilniaus kolegija/University Applied SciencesClusters becoming important field in Lithuania. Clusters aim to join forces to gain mutual benefits, accelerate the process of developing new products, services or technologies, and bring them to market, foster innovation and collaborate on science and business. Clusters in Lithuania have benefit:  stimulates innovation and growth, promotes the transfer of knowledge and helps develop new ideas and business, promotes export development, contributes to the internationalization of enterprises, helps to reach foreign markets and find new business partners, helps attract new technologies, skilled labor, investment in research and development and innovation, strengthens the human, technical, scientific, capital, innovation, partnership and other capabilities of individual cluster members, provides access to unique, specialized resources and enhances the competitive advantage of cluster members, helps to reduce the costs of small and medium-sized enterprises,  prepare SMEs for growth,  helps reduce risk and increases the likelihood of success in selecting new R&D trends.http://ojs.ijbe-research.com/index.php/IJBE/article/view/208clustersnew technologiesinnovation
spellingShingle Margarita Išoraitė
Cluster Entrepreneurship Development in Lithuania Best Practice
Integrated Journal of Business and Economics
clusters
new technologies
innovation
title Cluster Entrepreneurship Development in Lithuania Best Practice
title_full Cluster Entrepreneurship Development in Lithuania Best Practice
title_fullStr Cluster Entrepreneurship Development in Lithuania Best Practice
title_full_unstemmed Cluster Entrepreneurship Development in Lithuania Best Practice
title_short Cluster Entrepreneurship Development in Lithuania Best Practice
title_sort cluster entrepreneurship development in lithuania best practice
topic clusters
new technologies
innovation
url http://ojs.ijbe-research.com/index.php/IJBE/article/view/208
work_keys_str_mv AT margaritaisoraite clusterentrepreneurshipdevelopmentinlithuaniabestpractice