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

David Bailey, Christos Pitelis, Philip R Tomlinson

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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 languageEnglish
Pages (from-to)647-659
Number of pages13
JournalRegional Studies
Issue number5
Early online date1 Aug 2019
Publication statusPublished - 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.


  • regional industrial strategy
  • Smart Specialisation
  • strategic management
  • sustainability
  • sustainable competitive advantage

ASJC Scopus subject areas

  • Environmental Science(all)
  • Social Sciences(all)


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