Articulating the development strategy for the innovation and industrial cluster by the compound option method

2021 ◽  
Vol 27 (7) ◽  
pp. 1647-1671
Author(s):  
Sergei N. YASHIN ◽  
Egor V. KOSHELEV ◽  
Dmitrii A. SUKHANOV
Keyword(s):  
Development Strategy ◽  
Real Option ◽  
Industrial Cluster ◽  
Industrial Clusters ◽  
Current Strategy ◽  
Novgorod Oblast ◽  
Cluster Evolution ◽  
Cluster Strategy ◽  
The Development Strategy ◽  
Real Option Method

Subject. The article focuses on the development strategy for the innovation and industrial cluster by the compound option method. Objectives. We articulate the development strategy for the innovation and industrial cluster by the compound option method, which would allow for flexible administrative decisions on the cluster evolution. Methods. The proposed method is based on the use of the compound option method, which includes constituents as follows: 1) the option for the reduction in the cluster strategy and withdrawal from it; 2) the option for the development and dissemination of experience across the cluster; 3) the option for the rearrangement and temporary suspension of the cluster strategy. Results. To illustrate the proposed method, we formulated the development strategy for the pilot innovation and industrial cluster of power engineering in the Nizhny Novgorod Oblast, which is represented with the backbone company PAO TNS Energo NN. The real option method helped increase the value of the cluster’s strategy. Combining the compound real option just as we suggest, it will be possible to avoid unreasonable administrative decisions on the withdrawal from the current strategy, which would provide for multiple, already existing tactical opportunities for the cluster’s development. The value of the current strategy, first of all, absorbs a put option. This is an option to reduce the cluster’s strategy or withdraw from it. Afterwards if the current strategy is continued, three call options are added to it. Conclusions and Relevance. The findings can be useful for governmental authorities in planning the development of innovation and industrial clusters and the harmonious advancement of the country.

scholarly journals Using a Compound Real Option to Develop an Innovation Strategy for an Industrial Cluster

2021 ◽  
Vol 110 ◽  
pp. 04007
Author(s):  
Egor Koshelev ◽  
Sergei Yashin
Keyword(s):  
Real Option ◽  
Industrial Cluster ◽  
The State ◽  
Innovation Strategy ◽  
Cluster Development ◽  
Current Strategy ◽  
Managerial Decisions ◽  
Put Option ◽  
Cluster Strategy ◽  
Flexible Management

The purpose of this paper is to apply such a technology to develop an innovation strategy for the pilot clusters defined by the state, which would allow to make flexible management decisions. The proposed method for this involves the use of a compound real option, which includes the following components to be applied in the following order: 1) an option to reduce and exit the cluster strategy, 2) an option to develop and replicate the experience in the cluster, 3) an option to change over and temporarily stop the cluster strategy, and 4) an option to delay the start of the new cluster strategy. Combining a compound real option exactly as presented avoids unreasonable managerial decisions to withdraw from the current cluster strategy, which would include multiple tactical cluster development opportunities that have already been implemented. In other words, a put option is first added to the evaluation of the current strategy. This is an option to reduce and exit the cluster strategy. And then if the current strategy continues, the next three call options are added to it.

Developing an Industry and Innovation Cluster Strategy Through the Parallel and Sequential Real Options Method

2021 ◽  
Vol 27 (8) ◽  
pp. 1724-1747
Author(s):  
Sergei N. YASHIN ◽  
Egor V. KOSHELEV ◽  
Aleksandr V. KUPTSOV
Keyword(s):  
Real Options ◽  
Development Strategy ◽  
Electric Power Industry ◽  
Public Authorities ◽  
Strategy Formation ◽  
Novgorod Oblast ◽  
Innovation Cluster ◽  
Cluster Strategy ◽  
Innovation Clusters

Subject. This article considers the issues of formation of an innovation and industrial cluster's strategy through the parallel and sequential real options method. Objectives. The article aims to develop an innovation and industrial cluster's strategy formation methodology using parallel and sequential real options. Methods. For the study, we used the compound real options technique. Results. The article presents an original methodology for developing an innovation and industrial cluster's development strategy, taking into account the assessment of the priorities of the cluster itself and the region where it is located. The process of forming a strategy for the development of a pilot cluster of the electric power industry in the Nizhny Novgorod Oblast, represented by PAO TNS Energo NN, is considered as a case study of the implementation of the presented methodology. Conclusions and Relevance. The presented methodology will help further realize the innovative potential available in the region. The results obtained can be useful to public authorities when planning the development of industrial and innovation clusters and the harmonious development of the country's regions.

Assessing the Success of an Industrial Cluster

2012 ◽  
Vol 3 (3) ◽  
pp. 21-36 ◽  
Author(s):  
Neil Reid ◽  
Bruce W. Smith
Keyword(s):  
Problem Solving ◽  
Development Strategy ◽  
Industrial Cluster ◽  
Industrial Clusters ◽  
Collaborative Problem Solving ◽  
Energy Costs ◽  
Collaborative Problem ◽  
Regional Development Strategy ◽  
The Impact ◽  
Reducing Energy

Industrial clusters have received considerable attention as a regional development strategy. While their efficacy has been debated by academics, clusters have become popular among practitioners. Despite clusters’ acceptance, there have been few attempts to measure their success or their impact on constituent firms. This paper outlines and discusses the metrics developed to evaluate the success of the northwest Ohio greenhouse cluster. The cluster was launched in 2004 to help the industry become more competitive though collaborative problem solving. In identifying success metrics, the authors were cognizant of the fact that they had to reflect the cluster’s objectives and goals. Thus metrics that measured the impact of branding and marketing efforts, reducing energy costs, and increasing collaboration among cluster stakeholders were developed. The work reported in this paper is only the beginning phases of a longer-term, on-going effort to track the progress and success of the northwest Ohio greenhouse cluster.

scholarly journals KLASTER INDUSTRI SEBAGAI STRATEGI PENINGKATAN DAYA SAING AGROINDUSTRI BIOENERGI BERBASIS KELAPA SAWIT

2016 ◽  
Vol 11 (2) ◽  
pp. 87
Author(s):  
Petir Papilo ◽  
Tajuddin Bantacut
Keyword(s):  
Value Added ◽  
Industrial Cluster ◽  
Industrial Clusters ◽  
Positive Influence ◽  
Value Chains ◽  
East Kalimantan ◽  
Company Value ◽  
Cluster Strategy ◽  
North Sumatra ◽  
Cluster Program

Kajian ini bertujuan untuk memberikan gambaran tentang dampak dari pelaksanaan program klaster industri terhadap peningkatan daya saing industri bioenergi berbasis kelapa sawit nasional. Melalui pendekatan analisis perbandingan yang merujuk pada berbagai kajian terdahulu, dapat diketahui bahwa penerapan strategi klaster industri memberikan pengaruh positif terhadap tiga klaster agroindustri kelapa sawit nasional yang berada di Provinsi Riau, Sumatra Utara dan Kalimantan Timur. Berdasarkan penilaian terhadap empat elemen daya saing, seperti aglomerasi perusahaan, nilai tambah dan rantai nilai, jejaring kerjasama serta infrastruktur ekonomi, menunjukkan bahwa telah  terjadi peningkatan nilai daya saing dari ketiga klaster industri sebesar masing-masingnya 0,503, 0294 dan 0,232. AbstractThis study aims to provide an overview of the implementation impact of industrial cluster program to increase the competitiveness of the national agro-industry bioenergy based on palm oil. Through a comparative analysis approach that refers to previous studies, it is known that the implementation of the industrial cluster strategy has a positive influence on the three national oil palm agro-industrial clusters that located in the Riau Province, North Sumatra and East Kalimantan. Based on the assessment of the four elements of competitiveness, such as agglomeration company, value-added and value chains, networks and infrastructure, indicate that there has been an increase in the competitiveness value of the three clusters agro-industries by each 0.503, 0294 and 0.232.

scholarly journals CLUSTER STRATEGY OF INNOVATIVE DEVELOPMENT OF UKRAINE

2021 ◽  
Author(s):  
Nika Abashkina ◽  
Yuriy Nikolayev
Keyword(s):  
Development Strategy ◽  
Industrial Development ◽  
Industrial Clusters ◽  
Innovation Activity ◽  
Innovative Development ◽  
State Support ◽  
Resource Saving ◽  
Advantages And Disadvantages ◽  
Innovative Cluster ◽  
Cluster Strategy

The really working effective mechanisms for the formation and development of innovative industrial clusters in various regions of the world have been investigated. The essential advantages and disadvantages of these mechanisms are analyzed. The national specificity of Ukraine in this matter has been taken into account. On this basis, an "ideal" cluster strategy for the innovative development of Ukraine at all levels of its economic system has been formulated. It has been proved that for the innovative development of the Ukrainian economy it is necessary to: develop a law on state participation in the process of innovative cluster industrial development of Ukraine; improving the procedure for the formation and implementation of the most important cluster innovation projects of state importance within the framework of national target programs for innovative cluster development; development of measures of state support for innovative cluster entrepreneurship; formation and implementation of cluster pilot projects for innovation in the regions. The strategy of innovative cluster industrial development of Ukraine should provide for the development and growth of human capital as one of its main priorities. The content of the strategy of innovative cluster industrial development of Ukraine is to conduct research and development aimed at creating scientific and technical innovations, their practical application in the production and sale of a product, as well as in the field of services carried out within innovative industrial clusters or their direct participation. This strategy is a part of the state development strategy, which includes the main goals, principles, directions and ways of the state's influence on the participants of innovation activity - through state support for the widespread creation and functioning of innovative industrial clusters. Solving the problem of structural restructuring and transition of the national economy of Ukraine to the sixth technological mode is possible only if the strategy of innovative cluster industrial development is implemented, based on using the potential of innovative industrial clusters to continuously update the technical base of production, improve its technological structure, generate and introduction of innovations that provide cost savings or create conditions for such savings. The main purpose of innovative cluster industrial development of Ukraine is to create (with the help of clusters) economic, legal, financial, organizational and other conditions that provide accelerated development and development of new competitive products and modern environmentally friendly, safe, energy and resource-saving technologies. basis - the transition of the country's economy to higher technological systems.

scholarly journals The Development Strategy for Industrial Clusters in Qingdao

2011 ◽  
Vol 5 ◽  
pp. 1355-1359 ◽  
Author(s):  
Zhang Yuxiang ◽  
Zheng Xilai ◽  
Liang Chun ◽  
Yue Feng ◽  
Wang Hongyu
Keyword(s):  
Development Strategy ◽  
Industrial Clusters ◽  
The Development Strategy

Problems Of Investment Attractiveness In The Economy Of Uzbekistan

GIS Business ◽  
2020 ◽  
Vol 15 (1) ◽  
pp. 241-245
Author(s):  
Khamrakulova O.D. ◽  
Bektemirov A.B.
Keyword(s):  
Economic Growth ◽  
Development Strategy ◽  
Private Property ◽  
Economic Reforms ◽  
The State ◽  
Structural Reforms ◽  
The Development Strategy ◽  
Macroeconomic Stability

The deepening of economic reforms in Uzbekistan is closely linked to the strengthening of macroeconomic stability and the maintenance of high rates of economic growth and competitiveness, the continuation of institutional and structural reforms to reduce the presence of the State in the economy, and the further strengthening of the protection of rights and the priority role of private property, as reflected in the Development Strategy for 2017-2021.

Studi pengembangan unit perbenihan ikan laut di Pulau Gumilamo Kabupaten Halmahera Utara

2015 ◽  
Vol 3 (3) ◽  
Author(s):  
Yitzhak Koloba ◽  
Hengky J Sinjal ◽  
Ockstan Kalesaran
Keyword(s):  
Local Government ◽  
Development Strategy ◽  
Marine Fish ◽  
Government Regulation ◽  
Swot Analysis ◽  
Fishing Effort ◽  
Government Support ◽  
Fish Hatchery ◽  
The Development Strategy ◽  
Internal And External Factors

This research intended  to evaluate the development strategy of Marine Fish Hatchery Unit at Gumilamo Island, North Halmahera. Analysis SWOT was used to determine the development strategy. Data were collected by questionnaire, interview and literature relevant to the research. SWOT analysis showed the internal and external factors that affected the development of Marine Fish Hatchery at Gumilamo island. The strenght were location, water quality , local government support, and availability of seeds and feed. Weakness were lack of public interest, lack of extension and human resources. Opportunity were the high value of the sale, business opportunities and  local government regulation. Treat were  dependence on fishing effort and safety.   Keywords : hatchery, gumilamo, north halmahera, SWOT analysis

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