research limitations
this study has certain limitations in relation to generalisation, but the statistical tools applied to characterise the industrial cluster stages of development are proven to be valid. In view of this, further research on self-assessment for effectiveness and efficiency is suggested in order to strengthen the real industrial cluster development in Thailand.
Findings
The results reveal that the life cycle of all type of industrial cluster development is an average of 19.14 years. There are different key success indicators for comparing the first two agglomeration and emerging stages, and the developing stage with the last two mature and transformational stages. This paper also identifies some of the key susccess indicators in each stage.
Practical implications
The proposed approach provides a good basis for self-assessment of the industrial cluster development perfotmance. This can also help both researchers and practitioners in deciding how best to improve the development of each industrial cluster