Phase 3 – Strategy formulation

Elaborating of an overall vision for the future of the region.

Strategy formulation and Vision sharing is a phase in which the idea is to define the vision for the region and set objectives for the future.

In this phase, the region should answer these questions:

  1. What is our vision?
  2. What are our main goals?
  3. Which position do we want to take in the future?

When the vision is shared among all stakeholders, it predicts also their engagement for the process and implementation of it.

Building a common vision

A common vision between the region’s quadruple helix stakeholders is an important result of the RIS3 process. The vision should be a shared image of the region’s future between the stakeholders. Thus, it should have a quality of mobilising power. The goal is that all the stakeholders are committed to the vision, can benefit from it and want to contribute to it.

There are multiple qualities that a good vision has on top of being shared by the regional stakeholders. These qualities are:

  • Credibility, the vision needs to be achievable
  • Ambitious, inspire to take action
  • Bold, inspire and justify regional transformation
  • Support regional consensus
  • Meet societal and economic challenges, this justifies the vision
  • Broad enough, it should affect all the stakeholders
  • The vision should pinpoint possible paths for economic renewal and transformation

Essentially, the vision should inspire action and give the action a broad direction.

The vision should be built on the information and knowledge acquired in Phase 2. Great visions come from an outstanding understanding of the regional context and how it compares with others.

Tools for Strategy formulation

Our online tools for this phase are highly comprehensive. The tools help regions to form their visions with all stakeholders and then prioritise the visions.

3.1 Collaborative vision building

This method will allow for creating a vision for the region by gathering views from all stakeholders through a set of structured questions about the future.

3.2 Scenario building

Scenario building can play a key role in creating visions and forming strategies to react to different scenarios. Combinations of trends and possible uncertainties help to form future scenarios that shed light to how regions should be prepared for the future.

3.3 Delphi – Foresight

The Delphi tool is based on structural surveys and makes use of information from the experience and knowledge of the expert stakeholders or other experts. Therefore, it yields both qualitative and quantitative foresight results.