Approach for the measurement of technology management performance and value

Often the question arises how technology management's added value can be measured and which contents contribute to a firm's successful as well as effective technology management. Despite its relevance and various research that has been accomplished on technology management, scientific guidance for assessing and designing a company's technology management is insufficient. There is still no unified understanding and framework of technology management activities. In this paper, we present the current version of the developed approach for assessing a firm's technology management performance depending on the effort being invested, by specifying a technology management performance index (TMPI). Generally companies are striving towards the accumulation and application of technologies in order to create competitive advantages and economic value. We therefore promote the need for a TMPI which can be defined as a logistic function comprising possible situational choices representing the technology management process (technology intelligence, technology planning etc.). It is assumed that with rising technology management performance efficiency, TMPI will also increase, expressing a firm's technology-intensive performance. This paper aims at investigating whether TMPI can represent technology management performance efficiency and eventually is associated with financial measures, e.g. R&D expenditure, sales with introduced products, in the ongoing research.