Integration of Innovative and Strategic Management in the Field of Regional Development

Abstract

The research aims to find ways to develop the economic sector of the subject in the Russian Federation for the long term, including innovative development, particularly the development of the technology sector and entrepreneurship as the main conductors of mass innovation. The authors apply a monographic method and the methods of economic analysis. The research object is the subject of the Russian Federation (Kirov Region). The subject of the Russian Federation needs a targeted, innovative way of improvement. It will increase the innovative activity of the considered region. This requires the use of the following tools and mechanisms: the development of legislation in the field of innovation, the creation of a new educational cluster and the development of its strategy, and the creation of innovation centers based on universities. The assessment of long-term and other legislative documents and statistics allowed the authors to develop a mechanism of innovation regulation, including tools of state regulation of innovation development, which will increase productivity and ensure the production of fundamentally new goods and services.