scholarly journals The Synergies Influence of Clustering and Smart Specialization Strategy: Do They Really Stimulate Entrepreneurship and Regional Development?

2017 ◽  
Vol 7 (1) ◽  
pp. 159-168 ◽  
Author(s):  
Nibedita Saha ◽  
Petr Sáha
Keyword(s):  
Regional Development ◽  
Regional Growth ◽  
Added Value ◽  
Competitive Advantages ◽  
Collective Knowledge ◽  
Individual Knowledge ◽  
Strategic Goals ◽  
Smart Specialization ◽  
Research Assumptions ◽  
The Voice

This paper reveals on the significance of clustering concept and smart specialization strategy as an effective tool that stimulates entrepreneurship and creates regional value. The worth of linking different firms, people, and knowledge at the regional level- are one of the ways of making regions, organizations and institutions more innovative and competitive. The mode of a classifying clustering impression to be the voice of smart specialization for developing strategic goals and criteria related to regional growth. Thus, the result of this study shows clustering in addition to smart specialization strategies are powerful instruments to foster industrial competitiveness, institutional innovation, and provincial growth due to their intrinsic competence. Both clusters and smart specialization are gaining its prominence in the EU's regional policy discourse, owing to its role in the new program period of the EU structural policy from 2014 to 2020. This paper suggested some recommendations based on the highlighted research assumptions that the added value of the regional knowledge development process will lead the regions and enterprises to achieve their competitive advantages through the transfer of specific individual knowledge to the collective knowledge, and vice versa.. Keywords: Clustering, entrepreneurship, regional development, smart specialization strategy.  

scholarly journals Strategic Priorities of the Budget Policy on Ukraine’s Territorial Development in the Context of Implementing the Regional Development Strategy

2021 ◽  
Vol 2 (48) ◽  
pp. 86-94
Author(s):  
A. O. Pelekhatyy ◽  
◽  
K. O. Patytska ◽  
Keyword(s):  
Regional Development ◽  
Development Strategy ◽  
Competitive Advantages ◽  
Territorial Development ◽  
National Competitiveness ◽  
Regional Development Strategy ◽  
Budget Policy ◽  
Smart Specialization ◽  
Spatially Oriented

The article aims at determining the strategic priorities of Ukraine’s budget development policy while implementing the regional development strategy for the years 2021–2027. The strategic priorities of the budget policy on territorial development are substantiated in the context of, first, creating the regional development strategy and territorial development strategies for the years 2021-2027, and second, shifting the focus from spatially oriented measures, i.e. stimulating the development of problematic areas, to the policy of territorial development through activating untapped potential, the policy being aimed at increasing regional and national competitiveness, with special attention paid to innovation. The necessity to observe both the vertical and horizontal integration of the formation and realization of budget policy on territorial development, and the necessity to implement it, combining the problem-oriented and general approaches to directing the territorial development budgeting (territorial development budgeting is based on the following: competitive advantages of the functional types of the regions; development of problematic regions; regional development in the context of smart specialization; border areas development in the context of cross-border cooperation). A prospect for further research in this field is seen in making an attempt to form the budget policy on territorial development in Ukraine on the basis of defining strategic priorities for regional development and the development of different level territories, aimed at: reducing interregional and intra-regional asymmetries; ensuring universal improvement of the quality of life; transferring the territories to development based on sustainability, inclusiveness, innovation, and the maximization of using and building up the existing potential.

scholarly journals Domains Research in the Detection of Smart Specialization Strategy Formation

2018 ◽  
Keyword(s):  
Regional Development ◽  
World Market ◽  
Economic Transformation ◽  
Competitive Advantages ◽  
Priority Areas ◽  
Entrepreneurial Discovery ◽  
Knowledge Based ◽  
Global Economic Growth ◽  
Smart Specialization ◽  
Definition Of

Smart specialization strategy, as an innovative system for regional economies, should identify priority areas in which regions and countries have competitive advantages or have the potential to generate knowledge-based development and economic transformation. The number and nature of these priorities will vary depending on the region. Smart specialization strategy requires identifying in each region one or more thematic areas where R&D and innovation policies should aim at creating and maintaining competitive advantages. Priorities can be formulated in terms of knowledge or activities (not only scientific but also social, cultural), subsystems in the sector and be outside the industries, market niches, clusters, technologies, etc. The ability to identify opportunities for the region to expand into new priority areas is central in the concept of smart specialization. Global economic growth requires a higher competitiveness of the regions, especially where the potential is highest. The selection of priority domains stimulates innovation and investment, while, in order for the regions to succeed, they must use their own mix of assets, skills and ideas to compete in the world market and develop their untapped potential. The article is devoted to the analysis of priority areas of smart specialization and interpretation of the concept of domains within the framework of regional development. The research focuses on the generalization of approaches to the definition of the conceptual essence of the «domain» category by taking into account the influence of national specificity, as well as the indication of the role of domains in the process of entrepreneurial discovery. Various approaches to the «domains» definition as structured themes within the framework of regional development, which are introduced in practice through the processes of entrepreneurial discovery, are considered. Examined examples of priority areas within the region and domains of EU countries, the attention on the process of identifying domains based on entrepreneurial discover was pointed.

Smart Specialization Strategy

2019 ◽  
pp. 100-130 ◽  
Author(s):  
Nibedita Saha ◽  
Tomas Saha ◽  
Petr Saha
Keyword(s):  
Regional Development ◽  
Regional Growth ◽  
Discovery Process ◽  
Entrepreneurial Universities ◽  
Bottleneck Effect ◽  
Entrepreneurial Discovery ◽  
Smart Specialization

This chapter deliberates the significance of smart specialization strategy and its impact on regional development that enable a region to become more creative and innovative. Consistently, the emergence of smart specialization strategy is the cornerstone of creating a unique platform for enhancing territorial competitiveness and knowledge-driven innovation center through promoting entrepreneurial universities within the region connected to the regional growth scheme. Therefore, the authors investigate what makes regions competitive. What fosters growth in one region may be under a bottleneck effect in another. This chapter represents an accessible approach for identifying competitors and their particular circumstances that discuss regional entrepreneurial discovery process and their competitiveness from a conceptual perspective.

The development of the national forestry sector: Trends and prospects

2020 ◽  
Vol 16 (10) ◽  
pp. 1834-1856
Author(s):  
L.I. Pronyaeva ◽  
A.V. Pavlova ◽  
O.A. Fedotenkova
Keyword(s):  
Regional Cooperation ◽  
Added Value ◽  
Expert Assessment ◽  
Cluster Policy ◽  
Timber Industry ◽  
Wood Processing ◽  
Forestry Sector ◽  
Its Regions ◽  
Strategic Goals ◽  
Smart Specialization

Subject. The article discusses organizational and economic processes of the forestry sector and timber products in Russia and some of its regions. Objectives. We trace the prevailing development lines of the forestry sector and timber industry through scientific approaches o setting cross-regional forestry clusters. Methods. Having analyzed foreign practices and existing trends in Russia's forestry sector and natural and regional distinctions in the development of the timber industry, we generalized the cluster approach to operations of the forestry sector, which pursues the cross-regional cooperation and interaction. The study is based on monographs, economic-statistical, graphic and expert assessment methods. Results. Increasing the timber output, fiscal revenue are strategic goals of the development and enhancement of Russia's forestry sector due to fees for forest resource use, satisfaction of the domestic demand and growing exports of added-value wood processing per unit of forestry area through innovation technologies. Intensifying processes of clustering and cross-sector interaction in forestry, emergence and implementation of the new cluster policy for clustering macroregions' economies will help accomplish the above goals. Cross-regional clusters in the forestry sector should be created with reference to the smart specialization model in the spatial development of the country and its regions. As forestry enterprises establish their cross-regional interaction, their economic activity gets more effective, this allowing for large innovative projects, reasonable use of forest resources, and more intensive business activities. Conclusions and Relevance. If the phased model of cross-regional forestry clusters is used at the meso-regional level, there will be the basis for a further plan of actions to intensify the interaction of forestry enterprises and cluster infrastructure entities, enhance the use of their available resources and lucrativeness for investors.

scholarly journals REGIONAL DEVELOPMENT: NEW THEORIES

2019 ◽  
pp. 14-17
Author(s):  
T.N. Topoleva
Keyword(s):  
Regional Development ◽  
Regional Growth ◽  
Spatial Coherence ◽  
Market Area ◽  
Economic Space ◽  
Balanced Development ◽  
Theoretical Approaches ◽  
Interregional Cooperation ◽  
The Common ◽  
Smart Specialization

The increasing importance of the Russian regions in increasing the efficiency of socio-economic development of the country actualizes scientific research on the balanced development of the regional economy and spatial coherence of economic processes. Within the framework of regional studies, both traditional and classical theories and new theoretical approaches to the problems of regional development are systematized and typologized. The article presents a fragmentary review of new theories and concepts of regional growth, including: the concept of sustainable development, cluster concept, the concept of "smart specialization", regional foresight, paradigms of studying the region as a quasi-state, quasi-Corporation, market area and region-society. The attention is focused on the theories of regional development cyclicity and studies related to the analysis of economic dynamics. The conclusion is made about the need for further research on the problems of interregional cooperation and the formation of regions as subjects of the common economic space.

scholarly journals Recruitment of Employees—Assumptions of the Risk Model

Risks ◽  
2021 ◽  
Vol 9 (3) ◽  
pp. 55
Author(s):  
Halina Sobocka-Szczapa
Keyword(s):  
Risk Model ◽  
Model Identification ◽  
Added Value ◽  
Competitive Advantages ◽  
Recruitment Process ◽  
Process Risk ◽  
Model Formation ◽  
Risk Determinants ◽  
Final Selection ◽  
Selection Of

The aim of this article is to present the risk model premises related to worker recruitment. Recruitment affects the final selection of workers, whose activities contribute to corporate competitive advantages. Hiring unfavorable workers can influence the results produced by an organization. This risk mostly affects situations when searching for workers via the external labor market, although it can also affect internal recruitment. Therefore, it is necessary to attempt to identify recruitment risk determinants and classify their meaning in such processes. Model formation has both theoretical and intuitive characteristics. Model dependencies and their characteristics are identified in this paper. We attempted to assess the usability of the risk model for economic praxis. The analyses and results provide a model identification of dependencies between the factors determining a workers recruitment process and the risk which is caused by this process (employing inadequate workers who do not meet the employer’s expectations). The identification of worker recruitment process determinants should allow for practically reducing the risk of employing an inadequate worker and contribute to the reduction in unfavorable recruitment processes. The added value of this publication is the complex identification of recruitment process risk determinants and dependency formulations in a model form.

THEORETICAL ASPECTS OF STRATEGIC MARKETING APPLICATION IN THE CONTEXT OF SMART-SPECIALIZATION OF REGIONS

2017 ◽  
Author(s):  
Vitaliy Omelyanenko ◽  
◽  
Nadiia Artyukhova ◽  
Keyword(s):  
Development Strategy ◽  
Strategic Marketing ◽  
Practical Implementation ◽  
Competitive Advantages ◽  
Adoption And Implementation ◽  
Marketing Application ◽  
Regional Development Strategy ◽  
Important Research Topic ◽  
Systemic Nature ◽  
Smart Specialization

The most important task of the successful development and implementation of the regional development strategy is the adoption and implementation of well-grounded and timely management decisions aimed at increasing the attractiveness of the territory for target audiences. One of the directions of this realization is the creation and development of the competitive advantages of a particular territory. The steps taken in this direction in the regions of Ukraine are of a non-systemic nature and, as a rule, do not solve the problem comprehensively. This is due to the lack of both theoretical groundwork, on the basis of which it would be possible to develop a comprehensive strategy for the region, and an effective toolkit that ensures the systematic participation of stakeholders in the development and implementation of such a strategy. An important research topic is the consistency of the selected priorities with the goals of sustainable development, corresponding innovations within the framework of technological progress, which makes it relevant to use marketing tools to expand the analytical and communication tools of smart specialization. The purpose of this study is to analyze the possibilities of using strategic marketing for smart specialization tasks. Strategic marketing must be seen in the context of smart specialization, which is an innovative approach aimed at stimulating growth and job creation, allowing regions to define and develop their own competitive advantages. In the context of the practical implementation of the components of smart specialization as a process, strategic marketing can be considered as an active process with a long-term orientation, aimed at exceeding the average indicators in other regions by systematically pursuing a policy of creating a system of solutions that ensure the satisfaction of the needs of (current and prospective) stakeholders (current and potential) territories in a more efficient way than is possible in other regions. In the course of the study, it was determined that strategic marketing in the context of the practical implementation of smart specialization should be considered as a process of planning, developing and implementing strategic steps to gain a competitive advantage in selected areas. This process is necessary to map out the main goals of the region and find the most effective ways to achieve them.

scholarly journals Environment based innovation: policy questions

Finisterra ◽  
2012 ◽  
Vol 44 (88) ◽  
Author(s):  
Argentino Pessoa ◽  
Mário Rui Silva
Keyword(s):  
Regional Development ◽  
Innovation Policy ◽  
Resource Curse ◽  
Policy Implications ◽  
Competitive Advantages ◽  
Environmental Resources ◽  
Regional Innovation ◽  
Public Intervention ◽  
The Relationship ◽  
Innovation Policies

Natural resources and physical cultural resources, referred to in this paper as “Environmental Resources”, can be important assets for regional competitiveness and innovation. In recent years, these types of assets have been increasingly taken into consideration in the design and implementation of regional development strategies, as a consequence of their potential role as a source of differentiation and of new competitive advantages. However, in contrast to environmental policies, which usually focus on the protection of the environment, innovation policies and their instruments are largely shaped by, and geared towards, knowledge-based innovation.In this paper, we discuss the role played by environmental resources in the context of regional innovation policies. We begin by discussing the relationship between environmental resources and regional development, and by emphasizing some contrasting views with regard to the function of environmental resources in regional development. Then, we address the relationship between regional competitive advantages and innovation strategies. The specific issues and problems that arise whenever the aim is to attain competitive advantages through the valorisation of environmental resources constitute the core of section III. In that section, we highlight the specific characteristics of environmental resources and we discuss the applicability of the “natural resource curse” argument to the dynamics based on the valorisation of environmental resources. The reasons that justify public intervention as well as the difficulties concerning the adequate level of intervention (local / regional / national) are also examined. The paper ends with some conclusions and policy implications.

scholarly journals Modeling of Influence of Resourcing Factors on Gross Regional Product

2019 ◽  
Vol 8 (6S2) ◽  
pp. 1112-1116 ◽  
Keyword(s):  
Regional Development ◽  
Life Quality ◽  
Subsequent Development ◽  
Gross Regional Product ◽  
Competitive Advantages ◽  
Regional Competitiveness ◽  
Resource Potential ◽  
The Sustainable Development ◽  
Regional Product ◽  
High Level

The transformation processes occurring in the country, causing the uneven development of individual regions, are characterized by increased competition at the regional level. The consequence of the acquisition of economic independence by the regions of the Russian Federation is a reappraisal of its current position and basic functions, the implementation of which is aimed at asserting themselves and strengthening their reliable position in the market and socio-economic spaces of the country by increasing competitive advantages. The formation of competitive advantages of the regions based on the resource potential in the conditions of market relations is the main condition for increasing the efficiency of regional socio-economic systems, predetermining both the sustainable development of the region by ensuring a high level of economic performance and the life quality of the population, and further prospects for the development of environmental and institutional components. The purpose of the study is to assess the degree of influence of key components of the region’s resource potential on the gross regional product per capita as the main recognized indicator of regional development and regional competitiveness based on building an econometric model with the subsequent development of a projection of changes in the indicator of a specific region under the influence of quality and quantity resource potential. Keywords : regional development, gross regional product,

scholarly journals Implications and Competitiveness of Regions on Regional Development of Central Java

2014 ◽  
Vol 15 (2) ◽  
pp. 158
Author(s):  
Daryono Soebagiyo
Keyword(s):  
Competitive Advantage ◽  
Regional Development ◽  
Comparative Advantage ◽  
High Efficiency ◽  
Competitive Advantages ◽  
Regional Competitiveness ◽  
Regional Productivity ◽  
Central Java ◽  
The City ◽  
Efficiency And Productivity

Regional Competitiveness be one of the issues in regional development policy since the enactment of regional autonomy. Based on the results of the efficiency analysis found 11 areas of the city and district have the efficiency and 4 districts do not have the efficiency. Regional Competitiveness in Central Java based Comparative Advantage and Competitive known regions that have a high comparative and competitive advantages consist of 4 areas. Regional Mapping Based on Efficiency and Productivity Local known areas that have high efficiency and productivity which consists of 4 areas. Based Competitive Advantage Regional Productivity is high and not found. Under the Regional Competitiveness and Regional Productivity high was not found. Based on Comparative Advantage and Regional Development area there are 4 high. Based Competitive Advantage and Regional Development of high there are 2 areas. Based on Regional Productivity and Regional Development of high there are 2 counties and cities

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