2016
DOI: 10.1080/09654313.2016.1156058
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From theory to practice in smart specialization strategy: emerging limits and possible future trajectories

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Cited by 209 publications
(125 citation statements)
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References 30 publications
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“…In addition, other scholars have underlined how, in many European PAs, where the competitive advantage is far from being linked to the presence of knowledge‐based functions, a strategy intended to seek out a technological domain aimed at an industrially specialized diversification, does not appear to be very useful. Rather, especially in these contexts, a strategy of innovation should embrace a wider concept of territorial development, one which comprises the exploitation of untapped and intangible assets, like landscape, cultural heritage and local food, which can play a relevant role in their re‐launch (Capello & Kroll, ).…”
Section: Conceptual Framework: Smart Specialization Tourism Innovatimentioning
confidence: 99%
“…In addition, other scholars have underlined how, in many European PAs, where the competitive advantage is far from being linked to the presence of knowledge‐based functions, a strategy intended to seek out a technological domain aimed at an industrially specialized diversification, does not appear to be very useful. Rather, especially in these contexts, a strategy of innovation should embrace a wider concept of territorial development, one which comprises the exploitation of untapped and intangible assets, like landscape, cultural heritage and local food, which can play a relevant role in their re‐launch (Capello & Kroll, ).…”
Section: Conceptual Framework: Smart Specialization Tourism Innovatimentioning
confidence: 99%
“…Foray (2014) argues that smart specialisation is essentially a spontaneous process and that the role of smart specialisation policy is to identify the market and coordination failures that are likely to impede that spontaneity. Capello and Kroll (2016) noted that there are six elements that must be present for smart specialisation to take place: (i) entrepreneurial spirit, (ii) industrial diversity, (iii) high quality local governance, (iv) a critical mass of capabilities to develop collective learning processes, (v) adequate market potential, and (vi) industry connectedness.…”
Section: Related Variety and Smart Specialisationmentioning
confidence: 99%
“…The latter, however, is easier said than done and represents a very contentious issue. Critique has so far focused primarily on the perceived overreliance on "industrial renewal" within existing regional innovation capabilities, which may be preventing the S3 policy to have real transformative effects (Capello & Kroll, 2016). The main two challenges here are, on one hand, how smart specialization opportunities can be identified, and on the other hand, what (policy) intervention in the sector is appropriate (Foray & Goenaga, 2013).…”
Section: Matjaz Vidmarmentioning
confidence: 99%