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Published in:
2013 | OriginalPaper | Chapter
Managing the SME Clustering Process Life-Cycle
Authors : Christina Ampantzi, Marianthi Psyllou, Evaggelia Diagkou, Michael Glykas
Published in: Business Process Management
Publisher: Springer Berlin Heidelberg
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Globalization has changed the nature of innovation requiring a multitude of skills for solving complex challenges; this is why the old closed innovation model, which dominated most of the 20th century, is hurt to death. To survive in the worldwide competitive economic system firms have to invest in Intellectual Capital, as economic activity has become inherently socially situated and embedded in networks of organisational and personal relationships and cooperation, thus forcing a change of paradigm from competition to cooperation or, increasingly, to coopetition.