Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/335816 
Year of Publication: 
2023
Citation: 
[Journal:] Economic Themes [ISSN:] 2217-3668 [Volume:] 61 [Issue:] 3 [Year:] 2023 [Pages:] 387-406
Publisher: 
Paradigm Publishing Services, Warsaw
Abstract: 
The increasing turbulence of the economic environment leads to changes in the business style, and adapting to this new style requires a cluster approach. In this sense, the goal of the research relates to determining the impact of the cluster internal and external interaction on innovative performance and innovative performance on organizational performance, as well as determining the impact of the cluster internal and external relational embeddedness on innovative success and innovation success on organizational performance using path analysis. The obtained results indicated direct positive and statistically significant influences between the observed variables, except in the case of the influence of innovative performance on organizational performance, where no direct significant connection was found. The study's findings showed that the promotion of industrial clusters alone cannot ensure the generation of innovations for the benefit of the organizations that are members of the cluster, but should also consider the organization's specificity for successful implementation.
Subjects: 
cluster internal interaction
cluster external interaction
organizational performance
innovative performance
innovative success
path analysis
Republic of Serbia
JEL: 
M21
L22
L25
L53
O30
C54
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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