A REVIEW OF ENTREPRENEURIAL CLUSTER INITIATIVES AND ITS ADOPTION AS STRATEGIC TOOL IN AGRI-BUSINESS DEVELOPMENT: EVIDENCED FROM KWARA

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