Abstract

The article is devoted to the problems of strategic management of regional development factors. Modern strategic management is the impetus for the formation and implementation of the region's development strategy based on continuous monitoring and analysis of environmental changes used to support the region and ensure its support at the state level. That is why regional development should be an economic rather than a political or administrative category. The process of developing a regional development strategy usually begins with the preparatory stage, during which the analysis of factors influencing the development of the region. In particular, the classification of factors of regional development by direction of action is investigated in the article. First of all, the external factors that are general state factors are considered, among them: political and legal, socio-economic, technological, natural and others. The second group of factors considers a number of internal factors, or so-called growth factors. Their list includes: economic potential, social conditions, technological development, innovation and investment, labor, tourism potential, natural resource potential, also international economic relations and others. The basis of strategic management is a set of strategies: social, economic, environmental, etc. This variety of strategies is a modification of several basic strategies, each of which is effective only in a particular situation. That is why it is important to consider the reasons for choosing individual options. The strategy of regional development of the state is heterogeneous by regions. This is due to significant differences in the territories in terms of resources, economic structure, level of development of various sectors of the economy, economic growth rates and so on. That is why this strategy forms, on the one hand, the main goals and objectives of state development for a certain period of time, and on the other – is the basis for developing a number of balanced strategies for economic development of individual regions. The article identifies the importance of analyzing both internal and external factors in developing a regional development strategy.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.