Industrial Cluster Development in Thailand: There is still a Long Road Ahead
Industrial Cluster Development in Thailand: There is still a Long Road Ahead

Summary/Abstract: This paper aims to study and analyse the performance of industrial cluster development during the fiscal year of 2012, and proposes stages and indicators for an industrial cluster life cycle to guide more appropriate policy for further enhancement of industrial cluster development. The support of industrial clusters improves their competitiveness and also raises productivity in terms of increased sales, cost reduction, and creativity. The performance of industrial cluster development is financially and economically feasible. The industrial cluster life cycle should take an average of 19.14 years: 2.90, 4.43, 6.76, and 5.05 years for initial, developing, mature, and transformation stages, respectively. The essential factors for success in the initial and developing stages of an industrial cluster life cycle are awareness, structure, trust, knowledge, innovation, and cluster goals. Meanwhile, factors indicating the structure, innovation, trust, awareness, knowledge, and goals of clusters are crucial factors which need to be examined for success in the mature and transformation stages of the industrial cluster life cycle.

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