Effective Management of Production Clusters in the Context of an Innovative Economy

The paper explores the possible approach to the management of production clusters through the prism of the concept of an innovative economy, especially in context of the ongoing transformation to circular economy principles. The paper illustrates expanding need in quick urbanisation, industrialisation and waste growth for this contemporary management strategies to be built-in into the cluster improvement. The choice of priority directions in the field of waste management is indicated, the methodological approaches necessary to ensure sustainable development are substantiated, the organizational and economic tools that improve the coordination of cluster participants are improving. Research focuses on the problems of developing sustainability strategies for industrial entities, of methodological improvement of eco certification systems for secondary products, services and creation of new environmentally oriented products and services. Moreover, it shows that the areas of regulation include regional level landfilling and waste disposal site, as well as electronic platforms providing real time access to statistics within the circular economy. Complementing this, the use of econometric models to predict future variables are also seen as vital to sound decision making. Analysis is done within the framework of ongoing reforms in the Republic of Uzbekistan aimed at enhancing waste management and environmental protection, boosting waste recycling capabilities, and attracting investment into waste to energy and recycling projects. Results show that the adoption of circular economy strategies in production clusters leads to better resource efficiency, lower environmental impact and better socio-economic results. In general, the research substantiates that modern innovative model of management production clusters as an essential condition for economic competitiveness, environmental safety and spatial reality balance of the national economies