A REVIEW OF ENTREPRENEURIAL CLUSTER INITIATIVES AND ITS ADOPTION AS STRATEGIC TOOL IN AGRI-BUSINESS DEVELOPMENT: EVIDENCED FROM KWARA
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Date
2017-11-10
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LAGOS STATE UNIVERSITY, OJO FACULTY OF MANAGEMENT SCIENCES DEPARTMENT OF BUSINESS ADMINISTRATION
Abstract
The global interest in the study of the cluster has increased significantly in the last decade. The attention
and recognition accorded this important phenomenon derive from the fact that it is closely related to
competitiveness and innovation, and thus it has been traditionally applied to sectors that focus on
innovation as a core value, such as information technology, electronics, car manufacturing, biotechnology,
and oil and gas industry. Clusters are conspicuous and universal features of today’s economy. For
decades, the conventional wisdom among local Nations pursuing growth was to attract a large firm to
relocate to their domain. (Greenstone, Michael, Richard Hornbeck & Enrico Moretti, 2010). Today, many
policymakers state that they want their regions ‘to be the next Silicon Valley’. Policymakers are especially
eager to announce the launch of an entrepreneurial cluster in a hot industry particularly Agriculture
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Citation
2. Salau, A. A., Abdulraheem, I.& Zekeri, A (2017). Strategic tool in agribusiness development: Evidence from Kwara State. Department of Business Administration, 2017 Annual Conference, Lagos State University, Ojo. Conference proceedings Lagos State University, Annual Conference 8th – 10th November, 2017.