What is that word to describe competitors all clustering in the same location for mutual profit?
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You get situations like Harley Street private doctors in London. Some are in the same branch of medicine, yet they all go there because they benefit from the fact that Harley Street is known (or at least believed) to have excellent doctors. They all benefit, even if some customers (patients) choose to go to the building next door.
I know there's a word for this and I think it begins with "f", but that's all I can remember.
Note that I think the word I'm looking for might be quite specifically about being in the same space because competitors are there, e.g. a market is such a thing, because people know if they go to the market they can buy vegetables, some of whom will buy your vegetables and others will buy from your competitors.
In contrast, some businesses end up in the same location for practical reasons, e.g. they need to be near suppliers or other types of business, or there are certain local demographic factors that they rely on. I don't think the word I'm looking for includes those factors; it is specific to deliberately choosing to be near competitors, not, e.g. near your customers or suppliers.
Thanks if you can help find this great word!
Neil
meaning
asked Sep 20 at 13:43
Neil
6
bumped to the homepage by Community♦ 58 mins ago
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You get situations like Harley Street private doctors in London. Some are in the same branch of medicine, yet they all go there because they benefit from the fact that Harley Street is known (or at least believed) to have excellent doctors. They all benefit, even if some customers (patients) choose to go to the building next door.
I know there's a word for this and I think it begins with "f", but that's all I can remember.
Note that I think the word I'm looking for might be quite specifically about being in the same space because competitors are there, e.g. a market is such a thing, because people know if they go to the market they can buy vegetables, some of whom will buy your vegetables and others will buy from your competitors.
In contrast, some businesses end up in the same location for practical reasons, e.g. they need to be near suppliers or other types of business, or there are certain local demographic factors that they rely on. I don't think the word I'm looking for includes those factors; it is specific to deliberately choosing to be near competitors, not, e.g. near your customers or suppliers.
Thanks if you can help find this great word!
Neil
meaning
asked Sep 20 at 13:43
Neil
6
bumped to the homepage by Community♦ 58 mins ago
This question has answers that may be good or bad; the system has marked it active so that they can be reviewed.
I'd say areas like Harley Street (medical consultants), Threadneedle Street (bankers), Fleet Street (newspapers), Soho (sex industry), etc. are specialist [economic] enclaves, to the extent that they still have that status. But I think this kind of "professional ghettoization" is less common today than it was centuries ago, since workers, customers, etc. are far more mobile than they were - plus we've got better comms facilities, so we can phone/email others in the same line of business; we no longer need to walk between alternative sites like we used to in pre-Internet days.
– FumbleFingers
Sep 20 at 14:03
Could you be talking about a focal point? (That's two words, so I'm not sure if it's what you're actually thinking of.)
– Jason Bassford
Sep 20 at 14:40
Those are both good ideas, thanks. I think I could easily build a sentence with either: Stack Street is an enclave for competing shoe shops/West Exchange is a focal point for businesses selling English language discussion. I think I prefer enclave. I thought I recalled there was a much longer word.
– Neil
Sep 20 at 18:12
1
Private doctors flock to Harley Street because that is where patients shop for medical attention.
– AmI
Sep 20 at 18:23
1
Part of a fraternity. Is that it?
– Lambie
Sep 25 at 18:19
|
show 1 more comment
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0
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up vote
0
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favorite
You get situations like Harley Street private doctors in London. Some are in the same branch of medicine, yet they all go there because they benefit from the fact that Harley Street is known (or at least believed) to have excellent doctors. They all benefit, even if some customers (patients) choose to go to the building next door.
I know there's a word for this and I think it begins with "f", but that's all I can remember.
Note that I think the word I'm looking for might be quite specifically about being in the same space because competitors are there, e.g. a market is such a thing, because people know if they go to the market they can buy vegetables, some of whom will buy your vegetables and others will buy from your competitors.
In contrast, some businesses end up in the same location for practical reasons, e.g. they need to be near suppliers or other types of business, or there are certain local demographic factors that they rely on. I don't think the word I'm looking for includes those factors; it is specific to deliberately choosing to be near competitors, not, e.g. near your customers or suppliers.
Thanks if you can help find this great word!
Neil
meaning
asked Sep 20 at 13:43
Neil
6
You get situations like Harley Street private doctors in London. Some are in the same branch of medicine, yet they all go there because they benefit from the fact that Harley Street is known (or at least believed) to have excellent doctors. They all benefit, even if some customers (patients) choose to go to the building next door.
I know there's a word for this and I think it begins with "f", but that's all I can remember.
Note that I think the word I'm looking for might be quite specifically about being in the same space because competitors are there, e.g. a market is such a thing, because people know if they go to the market they can buy vegetables, some of whom will buy your vegetables and others will buy from your competitors.
In contrast, some businesses end up in the same location for practical reasons, e.g. they need to be near suppliers or other types of business, or there are certain local demographic factors that they rely on. I don't think the word I'm looking for includes those factors; it is specific to deliberately choosing to be near competitors, not, e.g. near your customers or suppliers.
Thanks if you can help find this great word!
Neil
meaning
meaning
asked Sep 20 at 13:43
Neil
6
asked Sep 20 at 13:43
Neil
6
asked Sep 20 at 13:43
Neil
6
asked Sep 20 at 13:43
Neil
6
asked Sep 20 at 13:43
Neil
6
6
bumped to the homepage by Community♦ 58 mins ago
This question has answers that may be good or bad; the system has marked it active so that they can be reviewed.
bumped to the homepage by Community♦ 58 mins ago
This question has answers that may be good or bad; the system has marked it active so that they can be reviewed.
I'd say areas like Harley Street (medical consultants), Threadneedle Street (bankers), Fleet Street (newspapers), Soho (sex industry), etc. are specialist [economic] enclaves, to the extent that they still have that status. But I think this kind of "professional ghettoization" is less common today than it was centuries ago, since workers, customers, etc. are far more mobile than they were - plus we've got better comms facilities, so we can phone/email others in the same line of business; we no longer need to walk between alternative sites like we used to in pre-Internet days.
– FumbleFingers
Sep 20 at 14:03
Could you be talking about a focal point? (That's two words, so I'm not sure if it's what you're actually thinking of.)
– Jason Bassford
Sep 20 at 14:40
Those are both good ideas, thanks. I think I could easily build a sentence with either: Stack Street is an enclave for competing shoe shops/West Exchange is a focal point for businesses selling English language discussion. I think I prefer enclave. I thought I recalled there was a much longer word.
– Neil
Sep 20 at 18:12
1
Private doctors flock to Harley Street because that is where patients shop for medical attention.
– AmI
Sep 20 at 18:23
1
Part of a fraternity. Is that it?
– Lambie
Sep 25 at 18:19
|
show 1 more comment
I'd say areas like Harley Street (medical consultants), Threadneedle Street (bankers), Fleet Street (newspapers), Soho (sex industry), etc. are specialist [economic] enclaves, to the extent that they still have that status. But I think this kind of "professional ghettoization" is less common today than it was centuries ago, since workers, customers, etc. are far more mobile than they were - plus we've got better comms facilities, so we can phone/email others in the same line of business; we no longer need to walk between alternative sites like we used to in pre-Internet days.
– FumbleFingers
Sep 20 at 14:03
Could you be talking about a focal point? (That's two words, so I'm not sure if it's what you're actually thinking of.)
– Jason Bassford
Sep 20 at 14:40
Those are both good ideas, thanks. I think I could easily build a sentence with either: Stack Street is an enclave for competing shoe shops/West Exchange is a focal point for businesses selling English language discussion. I think I prefer enclave. I thought I recalled there was a much longer word.
– Neil
Sep 20 at 18:12
1
Private doctors flock to Harley Street because that is where patients shop for medical attention.
– AmI
Sep 20 at 18:23
1
Part of a fraternity. Is that it?
– Lambie
Sep 25 at 18:19
I'd say areas like Harley Street (medical consultants), Threadneedle Street (bankers), Fleet Street (newspapers), Soho (sex industry), etc. are specialist [economic] enclaves, to the extent that they still have that status. But I think this kind of "professional ghettoization" is less common today than it was centuries ago, since workers, customers, etc. are far more mobile than they were - plus we've got better comms facilities, so we can phone/email others in the same line of business; we no longer need to walk between alternative sites like we used to in pre-Internet days.
– FumbleFingers
Sep 20 at 14:03
I'd say areas like Harley Street (medical consultants), Threadneedle Street (bankers), Fleet Street (newspapers), Soho (sex industry), etc. are specialist [economic] enclaves, to the extent that they still have that status. But I think this kind of "professional ghettoization" is less common today than it was centuries ago, since workers, customers, etc. are far more mobile than they were - plus we've got better comms facilities, so we can phone/email others in the same line of business; we no longer need to walk between alternative sites like we used to in pre-Internet days.
– FumbleFingers
Sep 20 at 14:03
Could you be talking about a focal point? (That's two words, so I'm not sure if it's what you're actually thinking of.)
– Jason Bassford
Sep 20 at 14:40
Could you be talking about a focal point? (That's two words, so I'm not sure if it's what you're actually thinking of.)
– Jason Bassford
Sep 20 at 14:40
Those are both good ideas, thanks. I think I could easily build a sentence with either: Stack Street is an enclave for competing shoe shops/West Exchange is a focal point for businesses selling English language discussion. I think I prefer enclave. I thought I recalled there was a much longer word.
– Neil
Sep 20 at 18:12
Those are both good ideas, thanks. I think I could easily build a sentence with either: Stack Street is an enclave for competing shoe shops/West Exchange is a focal point for businesses selling English language discussion. I think I prefer enclave. I thought I recalled there was a much longer word.
– Neil
Sep 20 at 18:12
1
1
Private doctors flock to Harley Street because that is where patients shop for medical attention.
– AmI
Sep 20 at 18:23
Private doctors flock to Harley Street because that is where patients shop for medical attention.
– AmI
Sep 20 at 18:23
1
1
Part of a fraternity. Is that it?
– Lambie
Sep 25 at 18:19
Part of a fraternity. Is that it?
– Lambie
Sep 25 at 18:19
|
show 1 more comment
3 Answers
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I think the word you use in the question - clusters - can be used in a strict, academic sense.
Quoting this research paper :
Clusters and Competition. New Agendas for Companies, Governments, and Institutions.
by Michael E. Porter
Clusters are geographic concentrations of interconnected companies, specialized suppliers, service providers, firms in related industries, and associated institutions (for example, universities, standards agencies, and trade associations) in particular fields that compete but also cooperate. Critical masses of unusual competitive success in particular business areas, clusters are a striking feature of virtually every national, regional, state, and even metropoli- tan economy, especially those of more economi- cally advanced nations.
[...]
The health of the cluster is important to the health of the company. A company may actually benefit from the presence of local competitors.
[...]
answered Sep 25 at 16:51
k1eran
18.4k63776
add a comment |
up vote
0
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a retail market OED
- Of, relating to, or engaged in retail. Frequently in a retail market.
As in:
A number of retail markets in a given trade area will have a positive
effect on sales.
answered Sep 25 at 21:46
lbf
16.4k21561
add a comment |
up vote
0
down vote
Although you asked about clustering, one unintuitive answer is fractionalization
It's not in common use now applied to business clusters, probably because it is now strongly associated with a single usage - ethnic fractionalization.
Ethnic fractionalization (EF) deals with the number, sizes, socioeconomic distribution, and geographical location of distinct cultural groups, usually in a state or some otherwise delineated territory. The specific cultural features might refer to language, skin color, religion, ethnicity, customs and tradition, history, or another distinctive criterion, alone or in combination. Frequently these features are used for social exclusion and the monopolization of power.
Encyclopedia.com https://www.encyclopedia.com/social-sciences/applied-and-social-sciences-magazines/ethnic-fractionalization
In the case you mention, it is an example of elite fractionalization. This is where the higher-end members of an occupation band together to set themselves apart from the rest of their compatriots.
answered Sep 25 at 23:21
Phil Sweet
9,49222045
add a comment |
3 Answers
3
active
oldest
votes
3 Answers
3
active
oldest
votes
active
oldest
votes
active
oldest
votes
up vote
0
down vote
I think the word you use in the question - clusters - can be used in a strict, academic sense.
Quoting this research paper :
Clusters and Competition. New Agendas for Companies, Governments, and Institutions.
by Michael E. Porter
Clusters are geographic concentrations of interconnected companies, specialized suppliers, service providers, firms in related industries, and associated institutions (for example, universities, standards agencies, and trade associations) in particular fields that compete but also cooperate. Critical masses of unusual competitive success in particular business areas, clusters are a striking feature of virtually every national, regional, state, and even metropoli- tan economy, especially those of more economi- cally advanced nations.
[...]
The health of the cluster is important to the health of the company. A company may actually benefit from the presence of local competitors.
[...]
answered Sep 25 at 16:51
k1eran
18.4k63776
add a comment |
up vote
0
down vote
I think the word you use in the question - clusters - can be used in a strict, academic sense.
Quoting this research paper :
Clusters and Competition. New Agendas for Companies, Governments, and Institutions.
by Michael E. Porter
Clusters are geographic concentrations of interconnected companies, specialized suppliers, service providers, firms in related industries, and associated institutions (for example, universities, standards agencies, and trade associations) in particular fields that compete but also cooperate. Critical masses of unusual competitive success in particular business areas, clusters are a striking feature of virtually every national, regional, state, and even metropoli- tan economy, especially those of more economi- cally advanced nations.
[...]
The health of the cluster is important to the health of the company. A company may actually benefit from the presence of local competitors.
[...]
answered Sep 25 at 16:51
k1eran
18.4k63776
add a comment |
up vote
0
down vote
up vote
0
down vote
I think the word you use in the question - clusters - can be used in a strict, academic sense.
Quoting this research paper :
Clusters and Competition. New Agendas for Companies, Governments, and Institutions.
by Michael E. Porter
Clusters are geographic concentrations of interconnected companies, specialized suppliers, service providers, firms in related industries, and associated institutions (for example, universities, standards agencies, and trade associations) in particular fields that compete but also cooperate. Critical masses of unusual competitive success in particular business areas, clusters are a striking feature of virtually every national, regional, state, and even metropoli- tan economy, especially those of more economi- cally advanced nations.
[...]
The health of the cluster is important to the health of the company. A company may actually benefit from the presence of local competitors.
[...]
answered Sep 25 at 16:51
k1eran
18.4k63776
I think the word you use in the question - clusters - can be used in a strict, academic sense.
Quoting this research paper :
Clusters and Competition. New Agendas for Companies, Governments, and Institutions.
by Michael E. Porter
Clusters are geographic concentrations of interconnected companies, specialized suppliers, service providers, firms in related industries, and associated institutions (for example, universities, standards agencies, and trade associations) in particular fields that compete but also cooperate. Critical masses of unusual competitive success in particular business areas, clusters are a striking feature of virtually every national, regional, state, and even metropoli- tan economy, especially those of more economi- cally advanced nations.
[...]
The health of the cluster is important to the health of the company. A company may actually benefit from the presence of local competitors.
[...]
answered Sep 25 at 16:51
k1eran
18.4k63776
edited Sep 25 at 16:56
answered Sep 25 at 16:51
k1eran
18.4k63776
answered Sep 25 at 16:51
k1eran
18.4k63776
answered Sep 25 at 16:51
k1eran
18.4k63776
18.4k63776
add a comment |
add a comment |
up vote
0
down vote
a retail market OED
- Of, relating to, or engaged in retail. Frequently in a retail market.
As in:
A number of retail markets in a given trade area will have a positive
effect on sales.
answered Sep 25 at 21:46
lbf
16.4k21561
add a comment |
up vote
0
down vote
a retail market OED
- Of, relating to, or engaged in retail. Frequently in a retail market.
As in:
A number of retail markets in a given trade area will have a positive
effect on sales.
answered Sep 25 at 21:46
lbf
16.4k21561
add a comment |
up vote
0
down vote
up vote
0
down vote
a retail market OED
- Of, relating to, or engaged in retail. Frequently in a retail market.
As in:
A number of retail markets in a given trade area will have a positive
effect on sales.
answered Sep 25 at 21:46
lbf
16.4k21561
a retail market OED
- Of, relating to, or engaged in retail. Frequently in a retail market.
As in:
A number of retail markets in a given trade area will have a positive
effect on sales.
answered Sep 25 at 21:46
lbf
16.4k21561
answered Sep 25 at 21:46
lbf
16.4k21561
answered Sep 25 at 21:46
lbf
16.4k21561
answered Sep 25 at 21:46
lbf
16.4k21561
16.4k21561
add a comment |
add a comment |
up vote
0
down vote
Although you asked about clustering, one unintuitive answer is fractionalization
It's not in common use now applied to business clusters, probably because it is now strongly associated with a single usage - ethnic fractionalization.
Ethnic fractionalization (EF) deals with the number, sizes, socioeconomic distribution, and geographical location of distinct cultural groups, usually in a state or some otherwise delineated territory. The specific cultural features might refer to language, skin color, religion, ethnicity, customs and tradition, history, or another distinctive criterion, alone or in combination. Frequently these features are used for social exclusion and the monopolization of power.
Encyclopedia.com https://www.encyclopedia.com/social-sciences/applied-and-social-sciences-magazines/ethnic-fractionalization
In the case you mention, it is an example of elite fractionalization. This is where the higher-end members of an occupation band together to set themselves apart from the rest of their compatriots.
answered Sep 25 at 23:21
Phil Sweet
9,49222045
add a comment |
up vote
0
down vote
Although you asked about clustering, one unintuitive answer is fractionalization
It's not in common use now applied to business clusters, probably because it is now strongly associated with a single usage - ethnic fractionalization.
Ethnic fractionalization (EF) deals with the number, sizes, socioeconomic distribution, and geographical location of distinct cultural groups, usually in a state or some otherwise delineated territory. The specific cultural features might refer to language, skin color, religion, ethnicity, customs and tradition, history, or another distinctive criterion, alone or in combination. Frequently these features are used for social exclusion and the monopolization of power.
Encyclopedia.com https://www.encyclopedia.com/social-sciences/applied-and-social-sciences-magazines/ethnic-fractionalization
In the case you mention, it is an example of elite fractionalization. This is where the higher-end members of an occupation band together to set themselves apart from the rest of their compatriots.
answered Sep 25 at 23:21
Phil Sweet
9,49222045
add a comment |
up vote
0
down vote
up vote
0
down vote
Although you asked about clustering, one unintuitive answer is fractionalization
It's not in common use now applied to business clusters, probably because it is now strongly associated with a single usage - ethnic fractionalization.
Ethnic fractionalization (EF) deals with the number, sizes, socioeconomic distribution, and geographical location of distinct cultural groups, usually in a state or some otherwise delineated territory. The specific cultural features might refer to language, skin color, religion, ethnicity, customs and tradition, history, or another distinctive criterion, alone or in combination. Frequently these features are used for social exclusion and the monopolization of power.
Encyclopedia.com https://www.encyclopedia.com/social-sciences/applied-and-social-sciences-magazines/ethnic-fractionalization
In the case you mention, it is an example of elite fractionalization. This is where the higher-end members of an occupation band together to set themselves apart from the rest of their compatriots.
answered Sep 25 at 23:21
Phil Sweet
9,49222045
Although you asked about clustering, one unintuitive answer is fractionalization
It's not in common use now applied to business clusters, probably because it is now strongly associated with a single usage - ethnic fractionalization.
Ethnic fractionalization (EF) deals with the number, sizes, socioeconomic distribution, and geographical location of distinct cultural groups, usually in a state or some otherwise delineated territory. The specific cultural features might refer to language, skin color, religion, ethnicity, customs and tradition, history, or another distinctive criterion, alone or in combination. Frequently these features are used for social exclusion and the monopolization of power.
Encyclopedia.com https://www.encyclopedia.com/social-sciences/applied-and-social-sciences-magazines/ethnic-fractionalization
In the case you mention, it is an example of elite fractionalization. This is where the higher-end members of an occupation band together to set themselves apart from the rest of their compatriots.
answered Sep 25 at 23:21
Phil Sweet
9,49222045
answered Sep 25 at 23:21
Phil Sweet
9,49222045
answered Sep 25 at 23:21
Phil Sweet
9,49222045
answered Sep 25 at 23:21
Phil Sweet
9,49222045
9,49222045
add a comment |
add a comment |
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I'd say areas like Harley Street (medical consultants), Threadneedle Street (bankers), Fleet Street (newspapers), Soho (sex industry), etc. are specialist [economic] enclaves, to the extent that they still have that status. But I think this kind of "professional ghettoization" is less common today than it was centuries ago, since workers, customers, etc. are far more mobile than they were - plus we've got better comms facilities, so we can phone/email others in the same line of business; we no longer need to walk between alternative sites like we used to in pre-Internet days.
– FumbleFingers
Sep 20 at 14:03
Could you be talking about a focal point? (That's two words, so I'm not sure if it's what you're actually thinking of.)
– Jason Bassford
Sep 20 at 14:40
Those are both good ideas, thanks. I think I could easily build a sentence with either: Stack Street is an enclave for competing shoe shops/West Exchange is a focal point for businesses selling English language discussion. I think I prefer enclave. I thought I recalled there was a much longer word.
– Neil
Sep 20 at 18:12
1
Private doctors flock to Harley Street because that is where patients shop for medical attention.
– AmI
Sep 20 at 18:23
1
Part of a fraternity. Is that it?
– Lambie
Sep 25 at 18:19