Respond to the following questions, in an essay that addresses the topics covered in the readings. Remember, from the syllabus, you must use at least one source in addition to the readings below:
https://www2.deloitte.com/ca/en/pages/consumer-business/articles/consumer-driven-innovation.html
https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/will-innovation-finally-add-up-for-consumer-goods-companies
https://www.economist.com/briefing/2017/09/23/chinas-audacious-and-inventive-new-generation-of-entrepreneurs
bibliographies are not required; cite readings in footnotes or in the text.
Prepare a 2-page (no more than 2) double-spaced response with a short introductory paragraph outlining the topics and purpose of your brief, the body of which responds to the questions (address all of them), and a conclusion which states your own thoughts on the topic and its relevance, in the context of the economy.
Explain why and how clustering is a pervasive characteristic of innovative industries. Provide three examples.
What are the advantages and disadvantages to the supply side and demand side of clustered industries? Technological self-reliance is expected to become more pervasive, following the supply chain shocks (e.g., specialized computer chips) of the past year.
How might this trend affect global networks and geo-centric clusters?
Is there a role for government policy associated with industry clusters?
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