Theoretical basis and methodology of strategizing of the private and public sectors of the Kuzbass region as a medial subsystem of the national economy

V. L. Kvint ()

Russian Journal of Industrial Economics, 2020, vol. 13, issue 3

Abstract: In connection with the growing role of the regions in national socio-economic systems, the article puts forth the theoretical basis and methodology of strategizing for the development of both the private and public sectors of the region as a medial subsystem of the national economy. Essentially, the strategy of regional development is always of a socioeconomic nature and is designed to be focused on improving the material, spiritual and intellectual quality of life of the population. The development of all-encompassing regional umbrella strategies which, on the one hand, must implement the strategies of a higher political, economic or military stratum, and, on the other hand, have a significant impact on the formation of strategies for strategic objects of a lower level, is the most difficult practical task. The absence or weak substantiation of regional strategies, reduces the effectiveness of both national and corporate and municipal strategies. The expediency of analyzing opportunities and threats as it pertains to the internal environment of the strategized object, based on an OTSW analysis, versus a SWOT analysis, is proven. Creating conditions for the intellectual and emotional development of the individual, and his material well-being, is discussed as the main objective of all strategizing and its resulting transformations. The proposed methodology made it possible to discern and pursue the strategic priorities of the Kuzbass region, that have the most competitive advantages, to systematize and draw the contours of the priorities, to justify the investment capacity as it pertains to each priority, over long periods of time, and to assess their social and economic efficiency, mainly for the purposes of the regional public budget.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ach:journl:y:2020:id:853

DOI: 10.17073/2072-1633-2020-3-290-299

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