Authors: Antonio Lerro, Giovanni Schiuma
Addresses: Center for Value Management – LIEG/DAPIT, University of Basilicata, Viale dell'Ateneo Lucano – 85100 Potenza, Italy. ' Center for Value Management – LIEG/DAPIT, University of Basilicata, Viale dell'Ateneo Lucano – 85100 Potenza, Italy; Institute of Manufacturing, University of Cambridge, 17 Charles Babbage Road, Cambridge CB3 0FS, UK; Centre for Business Performance, Cranfield School of Management, Cranfield University, College Road, Cranfield, Bedfordshire MK43 0AL, UK
Abstract: The debate on the nature and dynamics of local development in both academic and policy circles has now moved from the earlier and then traditional focus on endogenous and context-specific assets to analysing more and more the role of the knowledge assets and their dynamics for grounding local systems| capacity to perform sustainable development and value creation for their key-stakeholders. However, the research on this subject appears still widely open to new theoretical and empirical contributions. This position paper provides the background for this debate: specifically, we analyse – through an excursus of the issues related to the local and regional development – some theoretical and policy reasons explaining the relevance of identifying and exploiting knowledge-based dimensions of value. The paper concludes with a call for investigating what are the new knowledge dimensions and traits to be further and better developed and managed.
Keywords: knowledge-based development; local development; regional development; policy implications; knowledge assets; system capacity; sustainable development; sustainability; value creation.
International Journal of Knowledge-Based Development, 2011 Vol.2 No.1, pp.1 - 15
Published online: 07 Jun 2011 *Full-text access for editors Access for subscribers Purchase this article Comment on this article