Strategic management and regional industrial strategy: cross-fertilization to mutual advantage

David Bailey; Christos Pitelis; Philip R Tomlinson

doi:10.1080/00343404.2019.1619927

Strategic management and regional industrial strategy: cross-fertilization to mutual advantage

David Bailey, Christos Pitelis, Philip R Tomlinson

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Abstract

This study critically revisits extant perspectives and theories on strategic management (SM) and regional industrial strategy (RIS) and considers the scope for cross-fertilization to mutual advantage. Despite an extensive literature on value capture/creation and co-creation strategies in SM, few attempts have explored their relevance to building, and capturing value from, advantages at the regional level. Advocates of place-based approaches to RIS acknowledge the need for commercial potential, hence the need not only to create value but also to capture it in the region. The aim is to go further by exploring the relevance and scalability of SM value-capture strategies to RIS, and by showing how the focus of RIS on sustainability and value creation can benefit SM.

Original language	English
Pages (from-to)	647-659
Number of pages	13
Journal	Regional Studies
Volume	54
Issue number	5
Early online date	1 Aug 2019
DOIs	https://doi.org/10.1080/00343404.2019.1619927
Publication status	Published - 20 Apr 2020

Bibliographical note

Funding Information:
The writing of this paper was supported by the EU Horizon 2020 project ?MAKERS?Smart Manufacturing for EU Growth and Prosperity?, a project funded by the Horizon 2020 Research and Innovation Staff Exchange Programme, which is a Research and Innovation Staff Exchange under the Marie Sklodowska-Curie Actions?[grant agreement number 691192]. The secondary data used in the paper were collected before the MAKERS project. The paper was also supported via the Economic and Social Research Council UK (ESRC) in a Changing Europe Programme's UK in a Changing Europe programme [grant reference number ES/T000848/1].

Publisher Copyright:
© 2019, © 2019 Regional Studies Association.

Keywords

regional industrial strategy
Smart Specialisation
strategic management
sustainability
sustainable competitive advantage

ASJC Scopus subject areas

General Environmental Science
General Social Sciences

Access to Document

10.1080/00343404.2019.1619927Licence: Unspecified

Bailey_Pitelis_Tomlinson_Accepted_Version_RS.pdf
This is an Accepted Manuscript of an article published by Taylor & Francis in Regional Studies on 01/08/2019, available online: http://www.tandfonline.com/10.1080/00343404.2019.1619927
Accepted author manuscript, 956 KB

Cite this

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abstract = "This study critically revisits extant perspectives and theories on strategic management (SM) and regional industrial strategy (RIS) and considers the scope for cross-fertilization to mutual advantage. Despite an extensive literature on value capture/creation and co-creation strategies in SM, few attempts have explored their relevance to building, and capturing value from, advantages at the regional level. Advocates of place-based approaches to RIS acknowledge the need for commercial potential, hence the need not only to create value but also to capture it in the region. The aim is to go further by exploring the relevance and scalability of SM value-capture strategies to RIS, and by showing how the focus of RIS on sustainability and value creation can benefit SM.",

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Strategic management and regional industrial strategy: cross-fertilization to mutual advantage

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

Access to Document

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Phil Tomlinson

Cite this

Strategic management and regional industrial strategy: cross-fertilization to mutual advantage

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Profiles

Phil Tomlinson

Cite this