Identifying the main components and indicators governing the industrial policy evaluation model with a production boom approach in small and medium business clusters

Business clusters play a central role in the development of countries' regions. This occurs because,the innovation and entrepreneurship for new enterprises within the clusters are stablished more easily. In spite of the fact that many of the member companies of the cluster are small and medium in size, the clusters contribute a lot to economic indicators such as employment, production and exports. Therefore, the policies related to business clusters should be formulated in such a way that their implementation, bring about prosperity in produsing domestic products. Hence, the evaluation of industrial policies of business clusters, will show how much success they have achieved so far. The purpose of this research is to identify the main components and indicators shaping the evaluation model of industrial policies aiming at to get as far as production boom in the cluster of small and medium businesses. We used in-depth and semi-structured interviews with fifteen academics and executive experts related to the industry. We analyzed the responces using a thematic analysis technic . The results show that the use of an independent policy evaluation system, the creation of a monitoring and accountability system for policy implementation results, and the need of access to the required statistics and information are among the most important requirements for the evaluation of industrial policies.