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Clustering Persists Even in Broadband-Connected Locations
Even in broadband-connected industries, companies continue to cluster for work force and social benefits.
Although companies that operate predominantly across broadband or virtual networks have no physical need for a cluster, how can you explain the existence of high-tech clusters such as the Silicon Valley?
 

Christopher Steele, Global COO and North American President, Ivestment Consulting Associates
The need for clustering differs from activity to activity, even within an industry. However, even in such broadband-enabled industries as software development, there exists a combination of dispersion and clustering occurring. In other words, companies locate key centers of excellence within the acknowledged cluster cities and then link them together using technology. The fact that such clusters still exist supports the continuing value of individuals working together, face-to-face, in real time, to exchange ideas and work cooperatively in the same physical location. It also suggests a strong social component to the value of clusters.
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