This paper develops a novel clustering algorithm that systematically generates and assesses sets of cluster definitions (i.e., groups of closely related industries).
Policy steps for the president and Congress to follow in order to make American companies more competitive and their employees more prosperous.
Business leaders should not simply accept the business environment as a given, set by government. They can—and should—enhance the commons in ways that boost their own long-run profits.
This paper evaluates the role of regional cluster composition in the economic performance of industries, clusters and regions.
Some of the world’s most original thinkers explain the competitiveness challenge America faces and point the way forward.
Over the last four decades companies have dispersed more and more of their activities across the globe. Data and analysis from Michael E. Porter and Jan W. Rivkin suggest that the U.S. is losing out on location decisions at an alarming rate, even for high value adding activities such as R&D that it should be able to attract.
Manufacturing matters to a nation’s economic prosperity, not because it is an important source of jobs (it currently represents only about 10% of US employment) but because manufacturing competence is often an integral part of innovation. By Professors Gary P. Pisano and Willy C. Shih.
In thinking about the competitiveness of a nation, analysts commonly focus on economic factors, such as exports, unit labor costs, and fiscal policy, among others. "Politics" is not typically high on the list, if it appears at all, observes Professor David Moss.
Across the political spectrum, there is consensus that the United States faces challenges to its competitiveness. Current U.S. fiscal policy is, unfortunately, part of the problem rather than the solution, according to Professors Richard H.K. Vietor and Matthew C. Weinzierl.
Professors Josh Lerner and William A. Sahlman explore the role of entrepreneurial ventures in addressing pressing problems like energy, the environment, healthcare, and education, while also driving productivity and domestic job growth in the U.S.
Professors Michael E. Porter and Jan W. Rivkin frame the HBS project on U.S. competitiveness by defining "competitiveness," assessing the state of U.S. competitiveness, and pinpointing dynamics that threaten America's competitiveness.
The world is interdependent, and the U.S. economy is still too large for anyone to profit from a rapid decline in its well-being.
Industries located in regions with strong clusters (i.e. a large presence of other related industries) experience higher growth in new business formation and start-up employment.
For decades, U.S. companies have been outsourcing manufacturing in the belief that it held no competitive advantage. That has been a disaster.
The performance of regional economies varies markedly in terms of wage, wage growth, employment growth, and patenting rate.