Composite indices in technology management: A critical approach

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.