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TERRA ECONOMICUS

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  • Implementing territorial development strategies within institutional approach to strategic planning

Implementing territorial development strategies within institutional approach to strategic planning


TERRA ECONOMICUS, , Vol. 22 (no. 1),

In recent decades, the strategic development projects of different spatial dimensions and different levels of government have become widespread. Meanwhile, successful implementation of territorial and local development strategy remains understudied. The existing literature on business strategy have made it possible to identify a number of factors that contribute to strategy implementation. These factors include, among others, the positive attitude of employees towards the company and its strategy. Similar characteristics of residents might be relevant for territorial development. However, local and regional authorities and a range of related organizations vary in terms of resource capacity and methods employed to prepare and perform strategic development projects. These factors can either support or impede strategy implementation. We propose a typology of situations describing the design of a territorial strategy, which provides a link between such factors as territorial identity, local commitment, and strategic consensus, on the one hand, and territorial autonomy, development direction and strategic goals, on the other hand. The article also suggests our interpretation of territorial strategy implementation as a process involving complex interactions of local and regional authorities to enable and coordinate the residents’ efforts aimed at achieving the strategic goals.
Citation: Tambovtsev V.L., Rozhdestvenskaya I.A. (2024). Implementing territorial development strategies within institutional approach to strategic planning. Terra Economicus 22(1), 20–34 (in Russian). DOI: 10.18522/2073-6606-2024-22-1-20-34


Keywords: territory development strategy; territorial identity; local commitment; strategic consensus; strategy implementation

JEL codes: D02, P41, R58

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Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606