African Journal of
Marketing Management

  • Abbreviation: Afr. J. Mark. Manage.
  • Language: English
  • ISSN: 2141-2421
  • DOI: 10.5897/AJMM
  • Start Year: 2009
  • Published Articles: 153

Review

Fostering and developing the industry cluster vigorously in China in order to improve the technology-innovative capability of enterprises

Wang Zhi-Xin1,2* and Liang Cui1
  1Institute of Finance Office of the Central Judicial Police No. 103, 71 Middle Road, Baoding, He Bei Province, P. R. China. 2Northwest University No. 229, Tai Bai North Road, Xi An, Shan Xi Province, P. R. China.
Email: [email protected]

  •  Published: 30 November 2011

Abstract

 

As a form of an organization, enterprises play the fundamental role in the economic development around the world. Nowadays, many middle and small enterprises are with small market coverage, backwardness technology, low-level management, week innovative capability as well as the slow rate of innovation. All of the above seriously hinders the improvement of the innovative capability. Thus, it is a strategic choice of the improvement of innovative capability for our middle and small enterprises to vigorously foster and develop the industry cluster and improve the competitive capability in view of the global value chain. In addition, it is also in accordance with the strategic requirement of building an innovative society as well as realizing a well-off society.

 

Key words: Industry cluster, technology-innovative for SMEs, economies of scale, economy of scope.