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

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  • David Bailey
  • Christos Pitelis
  • Philip R. Tomlinson

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.

Suggested Citation

  • David Bailey & Christos Pitelis & Philip R. Tomlinson, 2020. "Strategic management and regional industrial strategy: cross-fertilization to mutual advantage," Regional Studies, Taylor & Francis Journals, vol. 54(5), pages 647-659, May.
    • Handle: RePEc:taf:regstd:v:54:y:2020:i:5:p:647-659
    DOI: 10.1080/00343404.2019.1619927
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    Cited by:

    1. Vaillant, Yancy & Lafuente, Esteban & Vendrell-Herrero, Ferran, 2023. "Assessment of industrial pre-determinants for territories with active product-service innovation ecosystems," Technovation, Elsevier, vol. 119(C).
    2. Chen, Hong & Gangopadhyay, Partha & Singh, Baljeet & Chen, Kairan, 2023. "What motivates Chinese multinational firms to invest in Asia? Poor institutions versus rich infrastructures of a host country," Technological Forecasting and Social Change, Elsevier, vol. 189(C).
    3. Francesco Foglia, 2023. "Is smart specialisation monopolising the research on the EU cohesion policy? Evidence from a bibliometric analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(2), pages 1001-1021, February.
    4. Marco Bellandi & Lisa De Propris, 2021. "Local Productive Systems’ Transitions to Industry 4.0+," Sustainability, MDPI, vol. 13(23), pages 1-17, November.
    5. Di Tommaso, Marco R. & Prodi, Elena & Pollio, Chiara & Barbieri, Elisa, 2023. "Conceptualizing and measuring “industry resilience”: Composite indicators for postshock industrial policy decision-making," Socio-Economic Planning Sciences, Elsevier, vol. 85(C).

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