Development of Business Activities in the AgriculturalMachinery Market through Implementation of Cluster Initiatives

Abstract

The authors substantiate the necessity for implementation of cluster initiatives for development of business activities in the agricultural machinery market. A starting point of the research is analysis of necessity for development of small business in developing countries, while in developed countries it plays a very important role in provision of economic growth. The authors suggest a hypothesis that development of business activities in the agricultural machinery market could be provided by implementation of cluster initiative. Methodological base for the research is systemic approach to analysis of business activities in the agricultural machinery market. Within this approach, the authors consider the main synergetic principles which are to be taken into account during the study of functioning of any system and build a matrix of infrastructural components in the agricultural machinery market. The authors determine the possibilities and perspectives of implementation of cluster initiatives in the agricultural machinery market. As a result, the authors come to a conclusion that the offered hypothesis is correct and implementation of cluster initiatives facilitates the development of business activities in the agricultural machinery market.

DOI: 10.5901/mjss.2016.v7n1s1p401