Modern Trends in the Transformation of Business Institutions: Clustering and Informatization
In the transition to an information economy, the processes of informatization gradually permeate all spheres of life and all kinds of economic activities, and first of all, business, which is peculiar to the innovative nature of activities. Solutions of problems encountered by businesses when performing the economic activity are accelerated by the cluster model offering a new way to take advantage of factors such as geographical location, collaboration, specialization, cooperation and innovation. The functioning of the cluster model of entrepreneurial activity is closely connected with the processes of informatization of the country's economy. As the business system is developed, the content and criteria for classification of these business institutions are modified. Stages of transition to the information economy determined the direction of changes, in particular, small business system.