Measuring the impact of design

Sunday, June 10, 2007

Measuring the impact of an innovation economy is not easy. We can focus on inputs: money invested in research or early stage investment. We can focus on intermediate outputs: patents, for example, or new business starts. Finally, we can look at employment and income growth among fast-growing companies and the growth of clusters.

But there is another direction in which innovation metrics are likely to evolve in the years ahead: social network analysis. In other words, we can measure the density and breadth of connections.

This is the thrust of this commentary on Santa Fe's Design Week. Traditional metrics are understandable, but they may not be adequate to capture the long term impact of effort to build and sustain open enterosk of innovation. Read more.

posted by Ed Morrison |

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