Strategic management and regional industrial strategy: cross-fertilization to mutual advantage. Issue 5 (3rd May 2020) - Bailey, David
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.