Formation of a Basic Target Plan As a Foundation of Goal-Setting in Strategic Planning for Regional Socio-Economic Development

Mediterranean Journal of Social Sciences, MCSER Publishing, Rome-Italy, Volume 6, No. 6 S3, November 2015

9 Pages Posted: 21 Sep 2016

See all articles by Vladimir Tsybatov

Vladimir Tsybatov

Samara State University of Economics

Leonid Mikhaylovsky

Samara State University of Economics

Date Written: November 30, 2015

Abstract

The beginning of a new stage in the development of regional strategic planning in the Russian Federation has actualised the issues connected with scientific and methodological support for elaboration of strategies for long-term regional socioeconomic development, in particular those related to regional goal-setting. This study attempts at substantiating a new approach to formation of the basic target plan for socio-economic development of a region. This plan is intended to act as an "incompressible core" of goal-setting, common to all regional strategies. The proposed plan is based on the concept of wellbeing as interpreted by the statistical commission of the Organisation for Economic Cooperation and Development (OECD) and Stiglitz-Sen-Fitoussi's commission. The plan contains a hierarchically ordered set of generally valid goals and target indicators describing the desirable level of well-being and potential for its reproduction. The proposed basic target plan can be used by the subjects of the Russian Federation in the process of elaboration of their strategies for socio-economic development.

Keywords: region, regional strategic planning, well-being, goal-setting, basic target plan

JEL Classification: R10

Suggested Citation

Tsybatov, Vladimir and Mikhaylovsky, Leonid, Formation of a Basic Target Plan As a Foundation of Goal-Setting in Strategic Planning for Regional Socio-Economic Development (November 30, 2015). Mediterranean Journal of Social Sciences, MCSER Publishing, Rome-Italy, Volume 6, No. 6 S3, November 2015, Available at SSRN: https://ssrn.com/abstract=2841108

Vladimir Tsybatov (Contact Author)

Samara State University of Economics ( email )

141 Sovetskoi Armii St.
Samara, Moscow 443090
Russia

Leonid Mikhaylovsky

Samara State University of Economics ( email )

141 Sovetskoi Armii St.
Samara, Moscow 443090
Russia

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