Peculiarities of choosing an innovative development strategy in the regions

The article is devoted to the study of the peculiarities of choosing the trajectories of innovative development of regions in the context of geopolitical instability. The purpose of the work is to analyse the competitive positions of the regions in the field of scientific and innovative development using the adapted Boston Consulting Group Matrix on the example of the subjects of the Volga Federal District. The research methodology involves classifying the subjects according to the criteria of market share and growth rates, which has made it possible to identify their competitive advantages and growth points as well as to find areas for effective management of their development, taking into account regional characteristics. The study has found that the main barriers to innovation growth include staff drain, insufficient funding, infrastructure deterioration, and weak commercialisation of developments. Leaders are characterised by a diversified economy and a high share of innovative production, but their sustainability depends on government support and adaptation to external challenges. The prospects of the study are related to expanding the analysis to other regions of the Russian Federation, assessing the impact of digitalisation, and developing measures to stimulate innovation, taking into account the existing territorial features. The results of the work can be used in the formation of regional strategies aimed at increasing the competitiveness and sustainability of territories.

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