We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
What Gives Industrial Clusters a Sustained Growth?
- Authors
Singh, Sweta
- Abstract
This article analyzes the sustainable practices and operations of firms belonging to industrial clusters. The effective functioning of an industrial cluster is explored and argued from two prominent paradi gms of organi zati onal theory, the network paradigm, and the resource dependence paradi gm. From the network theory perspective, embedded relations, trust-based relations, and matching theory explanations are argued to discourage opportunistic behavior. Resource dependence theory focuses on the firm's ability to establish relationships to access resources, creating dependencies, power imbalances, and uncertainty among firms. In the case of the industrial cluster, social proximity acts as a source of strength. The inter-organizational relationships depend on trust, embeddedness, and informality of relationships.
- Subjects
INDUSTRIAL clusters; RESOURCE dependence theory; MATCHING theory; THEORY of the firm
- Publication
Indian Journal of Industrial Relations, 2021, Vol 56, Issue 4, p644
- ISSN
0019-5286
- Publication type
Article