Composite Indices in Technology Management: A Critical Approach

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Author(s): Milica Jovanovic (University of Belgrade, Serbia), Jovana Rakicevic (University of Belgrade, Serbia), Maja Levi Jaksic (University of Belgrade, Serbia), Jasna Petkovic (University of Belgrade, Serbia)and Sanja Marinkovic (University of Belgrade, Serbia)
Copyright: 2017
Pages: 34
Source title: Emerging Trends in the Development and Application of Composite Indicators
Source Author(s)/Editor(s): Veljko Jeremic (University of Belgrade, Serbia), Zoran Radojicic (University of Belgrade, Serbia)and Marina Dobrota (University of Belgrade, Serbia)
DOI: 10.4018/978-1-5225-0714-7.ch003

Keywords: Data Analysis & Statistics / Data Analysis and Statistics / Information Science Reference / Library & Information Science

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Abstract

This chapter focuses on composite indices used in Technology Management (TM). It provides a critical comparative analysis of 5 indices, summarizes their structure, weighting process and emphasizes technology related components of indices as well as their advantages and disadvantages. The second part of the chapter examines the ranks of OECD and BRICS countries for Global Competitiveness Index (GCI), Global Innovativeness Index (GII) and Global Entrepreneurship Index (GEI), and further, we analyzed the correlations of GCI and GII pillars and clusters with the final ranks of countries. The research proved the presence and the importance of TM in the construction of the selected indices, but also identified that there is a lack of composite indicators used exclusively for TM performance which are measured globally by official institutions.

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Composite Indices in Technology Management: A Critical Approach

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