The scoreboard methodology was composed of three key elements:
- Framework conditions, which rate both the importance of different indicators for their business environment and the extent to which the related needs are met within their region. The indicators cover the following framework conditions: industrial; market; cultural; knowledge; regulatory and policy; financial; and support framework conditions.
- Firm strength, which is assessed on the basis of enablers and output factors. Enablers for firm strength are measured along the following dimensions: national and international collaborations; internationalisation; human capital; entrepreneurship; market knowledge and innovation capacity; and funding. Output factors measure the profitability and productivity of firms.
- Cluster Management Excellence, which aims to evaluate the importance, extent and level of satisfaction with the services provided by the cluster management organisations. The services covered include support for: partnership initialisation; internationalisation; talent search and retention; entrepreneurship; research, development and innovation; and access to finance.
Typology of indicators to measure regional strength in emerging industries
A survey-based approach was proposed in the methodology report due to the:
- Lack of statistical data at NUTS 2 level on the existing databases;
- Lack of up to date data (most recent: 2008-2009) of the present statistical data;
- Lack of data on “Cluster Management Excellence” for the emerging industry clusters (even lack of formalised clusters on those industries);
- Lack of continuity on some of the existing statistics for comparability.