The growth evolution of leading firm in the industrial cluster: A perspective of business model

Abstract

Abstract: One of key driving forces for industrial cluster’s growth is its leading firms’ growth. Meanwhile, the explanatory power of business model for leading firms’ growth in a cluster is increasingly significant. By redefining the concept and dimensions of business model, and using Chint Group as a study case, the micro mechanism of industrial cluster’s growth is revealed from the perspective of its leading firm. The findings suggest that at initial, adjusting, and expansion phases, the leading firm experiences a significant change along three dimensions of business model: value proposition, value creation, and value system integration, which is also corresponding to the cluster development characteristics.

Key words: industrial cluster, leading firm growth, business model, Chint Group

CLC Number:

F272.3

Gong Limin, Jiang Shisong. The growth evolution of leading firm in the industrial cluster: A perspective of business model[J]. Science Research Management, 2012, 33(7): 137-145.

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