Searching for an effective measure of R&D performance Available to Purchase

Notes that measurement of R&D performance has always posed great problems due to the nature of R&D activity and the difficulties in identifying a tangible output. Also that performance measurement systems have often been built on input variables or on qualitative evaluation of the output. Attempts to identify quantitative measures of R&D performance and to single out those related to activities under complete and partial control of R&D managers. Takes as a starting‐point the concept of economic value creation as a firm’s normative objective and the analysis of the contribution of R&D to it. Builds on this a performance measurement system that leads to identify proxy measures of both R&D effectiveness and efficiency.