Building effective cluster policies

Abstract

The aim of this paper is to present benefits by creating one cluster platform, in 
special view in cluster policy, which will be proposed to implement in Republic of 
Kosovo. Considering the scarce availability of empiric data in this context, the main 
data collection method used is international documents review.  
As a community concept, a cluster encourages relevant firms within a value chain 
to move in, provide constructive competition, and stimulate collaboration among 
firms to form cluster synergy, an important driver in a national innovation system. 
Regions develop through an ‘entrepreneurial process of discovery’. Importantly, 
these entrepreneurial discovery processes work differently in different places. So 
regions need to identify their own areas of competitive advantage. Science parks 
are widely seen as an effective tool to promote industry cluster, to realize larger 
and more visible returns on the R&D investment of a nation, and to bring about 
national/regional economic development. 
Cluster policies are proposed as a central component of practical strategy 
development. Some of the strategies that we propose in this paper are broker 
policy, demand site policy, training policy, promotion of international linkages 
policy, broader framework policy, BCG matrix, by special overview to encourage 
venture capitals and angel’s investment.  
However an issue that is becoming increasingly clear is that the cluster policy is 
becoming more important and relevant. The strong correlation between cluster 
initiative, cluster policy, innovation, promotion and sustainable economic 
development and competitiveness demonstrate the importance of this topic.