Revisiting the Porter Diamond: applying importance performance matrix to the Singaporean financial cluster

This paper is concerned with employing cluster theory and Porter's Diamond to consider why certain locations are superior for some industries. It argues that it is important for there to be a strategic fit between what industries are assumed to seek and what that location can provide. The strength of this fit can be measured by employing the Importance Performance Matrix. This approach allows the researcher, or a government agency, to understand exactly how local cluster conditions are valued and evaluated by companies within the cluster. We illustrate an application of the matrix by reporting on a sample of thirty-three participants in the contemporary Singaporean financial cluster. Literature suggests that one main benefit of clustering is the interaction between companies over and above their physical co-existence and so we report on the attitude of the same sample to thirteen commonly held views about cluster benefits.

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University of Bradford. School of Management. Working Paper Series

05/39

2048-495X

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