, 2013, 7, . 213-222 UDC 332.14:330.341.4(4-672EU) : 26. 2012. DOI: 10.7251/ZREFIS1307213SReceived: 26 October 2012

Review paper

- Hypo Alpe Adria Bank, ,

* mass@blic.net

CLUSTERS AND THEIR ROLE IN GLOBALIZATION CONDITIONS WITHREGARD TO CLUSTERIZATION IN THE EU

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Summary: The networked business model is astrategic necessity at the beginning of the 21st century.The new model of entrepreneurial behaviour and theglobal mega trend rely on finding a key competitiveadvantage and efficiency of the organizationalnetwork. Clusterization as a model of businessnetworking has a huge impact and plays an importantrole, primarily seen as business connecting of smalland medium enterprises and its joint market presence.In developing countries and countries in transition,small and medium size companies are underdevelopedand have lack of know-how, combined with shortage ofhuman and material resources. These enterprises canbe agents of development if they are mutuallyconnected and if such bonding creates synergy effects.This paper contains research of efficiency andorganization mode of clusters in B&H and theirinfluence on position and development of the small andmedium enterprises as well as contribution of theclusterization in integration of the small and mediumenterprises from Bosnia and Herzegovina tointernational market.

Key words: cluster, synergistic effect, small andmedium enterprises, international market.

JEL Classification: L22.

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