A Balanced Scorecard for Identifying Factors of Strategic Fit of National R&D Program on the Creative Economy Policy
As creative economy is important theme for national policy, many countries have been raising investments through national R&D programs. Since not all of programs are aligned with the ultimate vision and R&D investment is one of the most decisive elements, the strategic fit of national R&D programs should be evaluated for effective resource allocation. This study aims at identifying the factors of strategic fit of national R&D program on the creative economy policy. For this purpose, the balanced scorecard (BSC) model for R&D is utilized to translate national strategic objectives into a set of coherent performance factors.
[1] J. Howkins, Creative Economy: How People Make Money from Ideas.
Penguin Books, 2001.
[2] A. Markusen, G. H. Wassall, D. DeNatale, and R. Cohen, “Defining the
creative economy: Industry and occupational approaches,” Economic
Development Quarterly, vol. 22, pp. 24–45, 2008.
[3] M. Lee, B. Son, and K. Om, “Evaluation of national R&D projects in
Korea,” Research Policy, vol. 25, pp. 805–818, 1996.
[4] E. C. Wang, and W. Huang, “Relative efficiency of R&D activities: A
cross-country study accounting for environmental factors in the DEA
approach,” Research Policy, vol. 36, pp. 260–273. 2007
[5] G. A. Neufeld, P. A. Simeoni, and M. A.Taylor, “High-performance
research organizations,” Research Technology Management, vol. 44, pp.
42–52, 2001.
[6] W. G. Bremser, and N. P. Barsky, “Utilizing the balanced scorecard for
R&D performance measurement,” R&D Management, vol. 34, pp.
229–238, 2004.
[7] H. Reisinger, K. S. Cravens, and N. Tell, “Prioritizing performance
measures within the balanced scorecard framework,” Management
International Review, vol.43, pp. 429–437, 2003.
[8] R. Poveda-Bautista, D. C. Baptista, and M. Garcı´a-Melo´ n, “Setting
competitiveness indicators using BSC and ANP,” International Journal
of Production Research, vol. 50, pp. 4738–4752, September 2012.
[9] H. Eilat, B. Golany, and A. Shtub, “R&D project evaluation: An
integrated DEA and balanced scorecard approach,” Omega, vol. 36, pp.
895–912, 2008.
[10] R. Florida, The Rise of Creative Class…and How It’s Transforming Work,
Leisure, Community and Everyday Life. New York: Basic Books, 2002.
[11] Home Affairs Bureau, the Hong Kong Special Administrative Region
Government, A Study on Creativity Index. 2005.
[12] L. Kong, C. Gibson, L. M. Khoo, and A. L. Semple, “Knowledges of the
creative economy: towards a relational geography of diffusion and
adaptation in Asia,” Asia Pacific Viewpoint, vol. 47, pp. 173–194, August
2006.
[13] R. S. Kaplan, and D. P. Norton, “The balanced scorecard measures that
drive performance,” Harvard Business Review, vol. January–February, pp.
71–79, 1992.
[14] T. García-Valderrama, E. Mulero-Mendigorri, and D. Revuelta-Bordoy,
“A Balanced Scorecard framework for R&D,” European Journal of
Innovation Management, vol. 11, pp. 241–281, 2008.
[15] R. Florida, and I. Tinagli, Europe in the Creative Age. 2004.
[16] T. M. Amabile, “The social psychology of creativity: a componential
conceptualization,” Journal of Personality and Social Psychology, vol.
45, pp. 357–376, 2005.
[17] M. Csikszentmihalyi, “Society, culture, and person: a systems view of
creativity,” in The Nature of Creativity, R. J. Sternberg, Ed. New York:
Cambridge University Press, 1988.
[18] M. Sundgren, E. Dimena, J. Gustafsson, and M. Selart, “Drivers of
organizational creativity: a path model of creative climate in
pharmaceutical R&D,” R&D Management, vol. 35, pp. 359–374, 2005.
[19] D. Mietzner, and M. Kamprath, “A competence portfolio for
professionals in the creative industries,” Creativity and Innovation
Management, to be published.
[20] D. Miller, “The correlates of entrepreneurship in three types of firms,”
Management Science, vol. 29, pp. 770–791, 1983.
[21] M. von Zedtwitza, O. Gassmann, and R. Boutellier, “Organizing global
R&D: challenges and dilemmas,” Journal of International Management,
vol. 10, pp. 21–49, 2004.
[22] R. J. Sternberg, and T. I. Lubart, “The concept of creativity: prospects and
paradigms. In R. J. Sternberg (Ed.), Creativity research handbook, New
York, NY: Cambridge University Press.
[23] D. M. West, “Improving university technology transfer and
commercialization,” Washington: Brookings Institution, 2012
[1] J. Howkins, Creative Economy: How People Make Money from Ideas.
Penguin Books, 2001.
[2] A. Markusen, G. H. Wassall, D. DeNatale, and R. Cohen, “Defining the
creative economy: Industry and occupational approaches,” Economic
Development Quarterly, vol. 22, pp. 24–45, 2008.
[3] M. Lee, B. Son, and K. Om, “Evaluation of national R&D projects in
Korea,” Research Policy, vol. 25, pp. 805–818, 1996.
[4] E. C. Wang, and W. Huang, “Relative efficiency of R&D activities: A
cross-country study accounting for environmental factors in the DEA
approach,” Research Policy, vol. 36, pp. 260–273. 2007
[5] G. A. Neufeld, P. A. Simeoni, and M. A.Taylor, “High-performance
research organizations,” Research Technology Management, vol. 44, pp.
42–52, 2001.
[6] W. G. Bremser, and N. P. Barsky, “Utilizing the balanced scorecard for
R&D performance measurement,” R&D Management, vol. 34, pp.
229–238, 2004.
[7] H. Reisinger, K. S. Cravens, and N. Tell, “Prioritizing performance
measures within the balanced scorecard framework,” Management
International Review, vol.43, pp. 429–437, 2003.
[8] R. Poveda-Bautista, D. C. Baptista, and M. Garcı´a-Melo´ n, “Setting
competitiveness indicators using BSC and ANP,” International Journal
of Production Research, vol. 50, pp. 4738–4752, September 2012.
[9] H. Eilat, B. Golany, and A. Shtub, “R&D project evaluation: An
integrated DEA and balanced scorecard approach,” Omega, vol. 36, pp.
895–912, 2008.
[10] R. Florida, The Rise of Creative Class…and How It’s Transforming Work,
Leisure, Community and Everyday Life. New York: Basic Books, 2002.
[11] Home Affairs Bureau, the Hong Kong Special Administrative Region
Government, A Study on Creativity Index. 2005.
[12] L. Kong, C. Gibson, L. M. Khoo, and A. L. Semple, “Knowledges of the
creative economy: towards a relational geography of diffusion and
adaptation in Asia,” Asia Pacific Viewpoint, vol. 47, pp. 173–194, August
2006.
[13] R. S. Kaplan, and D. P. Norton, “The balanced scorecard measures that
drive performance,” Harvard Business Review, vol. January–February, pp.
71–79, 1992.
[14] T. García-Valderrama, E. Mulero-Mendigorri, and D. Revuelta-Bordoy,
“A Balanced Scorecard framework for R&D,” European Journal of
Innovation Management, vol. 11, pp. 241–281, 2008.
[15] R. Florida, and I. Tinagli, Europe in the Creative Age. 2004.
[16] T. M. Amabile, “The social psychology of creativity: a componential
conceptualization,” Journal of Personality and Social Psychology, vol.
45, pp. 357–376, 2005.
[17] M. Csikszentmihalyi, “Society, culture, and person: a systems view of
creativity,” in The Nature of Creativity, R. J. Sternberg, Ed. New York:
Cambridge University Press, 1988.
[18] M. Sundgren, E. Dimena, J. Gustafsson, and M. Selart, “Drivers of
organizational creativity: a path model of creative climate in
pharmaceutical R&D,” R&D Management, vol. 35, pp. 359–374, 2005.
[19] D. Mietzner, and M. Kamprath, “A competence portfolio for
professionals in the creative industries,” Creativity and Innovation
Management, to be published.
[20] D. Miller, “The correlates of entrepreneurship in three types of firms,”
Management Science, vol. 29, pp. 770–791, 1983.
[21] M. von Zedtwitza, O. Gassmann, and R. Boutellier, “Organizing global
R&D: challenges and dilemmas,” Journal of International Management,
vol. 10, pp. 21–49, 2004.
[22] R. J. Sternberg, and T. I. Lubart, “The concept of creativity: prospects and
paradigms. In R. J. Sternberg (Ed.), Creativity research handbook, New
York, NY: Cambridge University Press.
[23] D. M. West, “Improving university technology transfer and
commercialization,” Washington: Brookings Institution, 2012
@article{"International Journal of Mechanical, Industrial and Aerospace Sciences:65489", author = "Jieun Kim and Haejin Cho and Yongtae Park and Yoonjo Kim and Jeonghwan Jeon", title = "A Balanced Scorecard for Identifying Factors of Strategic Fit of National R&D Program on the Creative Economy Policy ", abstract = "As creative economy is important theme for national policy, many countries have been raising investments through national R&D programs. Since not all of programs are aligned with the ultimate vision and R&D investment is one of the most decisive elements, the strategic fit of national R&D programs should be evaluated for effective resource allocation. This study aims at identifying the factors of strategic fit of national R&D program on the creative economy policy. For this purpose, the balanced scorecard (BSC) model for R&D is utilized to translate national strategic objectives into a set of coherent performance factors.
", keywords = "Balanced scorecard, Creative economy, National R&D program, Strategic fit.", volume = "7", number = "10", pages = "2061-5", }
