Business Resources

A New Way to Profile Businesses

As a part of our work in the North Central Region, we have been thinking about a new way to categorize businesses apart from the traditional industry based classification or cluster based categorizations.  In our work, we have found that clusters don’t exist in rural regions, because of the lack of critical mass required to define a cluster. But that doesn’t mean that the businesses in small rural regions cannot innovate or collaborate if they don’t belong to one cluster. Here are some initial thoughts on how to profile businesses based on their competency and help them collaborate to innovate.

Business Profiling

 
 

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