![Clusters and the New Economics of Competition | [Michael E. Porter (C. Roland Christensen Professor of Business Administration, Harvard Business School)]](http://ecx.images-amazon.com/images/I/41OGoPTwd8L._SL175_.jpg "Clusters and the New Economics of Competition | [Michael E. Porter (C. Roland Christensen Professor of Business Administration, Harvard Business School)]")
Clusters and the New Economics of Competition
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LENGTH40 mins
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RELEASE DATE11-01-98
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Program TypePeriodical
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Publisher's Summary
Paradoxically, the enduring competitive advantages in a global economy lie increasingly in local things - knowledge, relationships, and motivation that distant rivals cannot match. In this article from Harvard Business Review, Michael E. Porter untangles the paradox of location in a global economy, while defining a cluster and explaining why clusters are critical to competition. Porter also describes the birth, evolution, and decline of a cluster, the implications for companies, what's wrong with industrial policy, and new public-private responsibilities. This article, which originally appeared in the November-December 1998 Harvard Business Review, is offered in audio form exclusively through Audible.
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©1998 by the President and Fellows of Harvard College, All Rights Reserved; (P)1998 Audible Inc.