Laketa, Marko; Laketa, Luka
December 2013
Economy & Market Communication Review / Casopis za Ekonomiju i T;dec2013, Vol. 3 Issue 2, p200
Academic Journal
Economic recovery of a country in transition is not an easy task. Overhaul of the economic system requires a fundamental change in all aspects of conducting business activities. In order to restore the economy of a country, among other things, it is necessary to take into account organization of small and medium sized enterprises. Spontaneous association of these enterprises into clusters is certainly one of the major-achievements of the EU countries, as well as the regional surrounding countries. Above all, functional association is triggered by the need of the small and medium enterprises themselves. Clusters are not inherently sufficient to solve the weaknesses within the business environment, however if they become a part of the strategy to boost competitiveness; they could result in a significant contribution towards achieving positive results that independent policies are not capable of accomplishing. Association into clusters leads to an increase in competition among member enterprises due to optimum productivity, adoption of innovative practices, development of new technologies, and implementation of the most recent and up-to-date quality standards. Taking into consideration that the development of clusters in Serbia is still in the initial stages, as well as the competitive level of enterprises, significant role of the state is indispensable as a stimulus of the association process, creation of the institutional framework, and a favorable business environment for successful development of these processes.


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