The Concept and Theoretical Foundations of Marketing Strategy in Regional Development

The Concept and Theoretical Foundations of Marketing Strategy in Regional Development

Authors

  • Diyorakhon Ibragimovna Kholmurotova

Keywords:

Regional Development, Marketing Strategy, Uzbekistan, Economic Growth, Social Welfare, Stakeholder Engagement, Sustainable Development.

Abstract

This article explores the pivotal role of marketing strategy in the field of regional development, with a specific
focus on the context of Uzbekistan. It begins by establishing the theoretical foundations of marketing strategies
in regional development. The article investigates how these strategies can play a crucial role in stimulating economic
growth, enhancing the competitiveness of regions, and encouraging sustainable development. Through a comprehensive
review of literature, the article identifies the key components of effective marketing strategies, including market research,
branding, advertising, and stakeholder engagement, and examines their implementation and adaptation to the socio-economic
and innovative reforms specific to Uzbekistan. Drawing on practical research and empirical evidence, the study
demonstrates the successful implementation of marketing strategies in various regions of Uzbekistan, highlighting outcomes
such as increased investment, tourism growth, and the expansion of local businesses.

Author Biography

Diyorakhon Ibragimovna Kholmurotova

Researcher, Department of Economics, Renaissance university

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Published

2024-03-30
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