Our aim in this book is to undertake an in-depth exploration of the topic of industry clustering from both management and policy perspectives. The book examines clustering from the standpoint of the single firm in the cluster and, in so doing, derives a novel formulation of clusters as comprising single firms with surrounding concomitant chains of relationships with suppliers, other similar firms and, institutions of government and its agencies. Because of the resources that then can be attributed to firms within the cluster, we refer to the resultant conceptualisation of industry clusters as value adding webs (VAWs). It is contended that these then develop as a series of overlapping value adding webs forming an industry cluster.
Value Adding Webs and Clusters: Concepts and Cases p. 5-9