REGIONAL DEVELOPMENT MANAGEMENT: INNOVATION AND INTEGRATION ASPECT

The article discusses the methodological basis, tools and determinants of territorial development. The organizational and economic mechanism, which is a set of levels of regional development management, is proposed. Development is driven by change, and innovation is the precursor to change. Innovators, such as entrepreneurial structures, educational institutions, and the public, produce innovations. The success of innovation depends on factors such as financing, legal support, availability of qualified and motivated personnel, and access to information resources. The state and local governments should create favorable conditions for the development of innovative activities. Balancing the interests of government, business, and the public is a characteristic feature of the modern paradigm of territorial development. Management should be based on an adaptive approach that involves institutional and organizational changes, as well as modeling the economic development of the region in accordance with the challenges of today. The regional development management mechanism is a structured set of strategic goals, operational objectives, and specific tasks. The current strategic priorities are: strengthening the region’s competitiveness, safety and quality of life, and talent development. Operational goals are projects and programs whose implementation should ensure the achievement of strategic goals. Tasks are certain measures, actions, and procedures that need to be taken to achieve strategic and operational goals. The technology of strategic regional development management is a set of tasks, tools, and results. When choosing the determinants of regional development management at the strategic, tactical, and operational levels, it is advisable to focus on: analyzing the market opportunities of the territory, assessing the potential risks of individual business areas, developing innovative projects and programs, selecting appropriate resources, sources of funding, and areas of inter-territorial integration. Strategic and operational goals should be relevant to the country’s development conditions, the urgent needs of the region, and the industry specifics of the business environment.