Abstract
This paper aims to assess the development of the Alpine region of Austria according to Audretsch’s (2015) framework of strategic management of places. We specifically address the problems of Vorarlberg and Tyrol and further provide an analysis of possible solutions. One of the main aspects pointed out in this paper is that the small university and research network have negative effects on entrepreneurship and skilled labor, with the added negative impacts of climate change on the tourism industry. As a result, a recommendation is to introduce specialized training programs in rural areas along with an improvement of procedures and support for entrepreneurs. In order to address climate change and the economy, existing environmental policies need to be extended, and tourist-attracting events could be created to prevent a revenue loss in winter resulting from global warming.
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